Did you know that you get a No Claim Bonus (NCB) when you don’t claim insurance for your vehicle? It encourages our customers to practice safe driving while on the road. It prevents the possibility of accidents and any life-risking events. You must be wondering what NCB is? Let’s take a look at it.
No Claim Bonus
No Claim Bonus is the discount offered by insurance companies to the insured at the policy renewal. For instance, the insurance companies offer a 20% to 50% discount if you have no claims in your previous policy, which is called the No Claim Bonus.
Can You Keep The NCB When You Change Your Vehicle?
Yes! You get to keep your No Claim Bonus if you change your vehicle. In that case, you will get the certificate of NCB, and you need to keep the copy of the certificate and the old registration copy and then ask the insurance company to provide the transfer certificate. After that, you need to request an insurance company to transfer the NCB to the new policy.
Can You Keep The NCB When You Change Your Insurer?
Yes! The insurance companies let you keep the No Claim Bonus if you change your insurance provider. First, contact your previous insurance provider and request the NCB certificate. Then, submit it to your new insurer, and they should be able to transfer the claim.
If all of this excites you, you should read ahead to find out how you can prevent claiming a bonus!
How To Prevent?
It’s simple! Practice driving safely and don’t get into any accidents. Follow the safety guidelines:
Observe the speed limit.
Stay focused and alert.
Do not depend on other drivers.
Keep a 2-second cushion between you and the other car.
Make it 4-seconds in rain or storm.
Now you know! The perks of staying safe and not claiming a bonus in return are pretty appealing. Hence, we should all practice safe driving and encourage others to drive safely.
Let’s Compare is an umbrella under which you can get all the benefits and customized insurance plans for car as per your needs and requirements. We partner with Pakistan’s ten best insurance companies, leading the insurance market. Go to our website and contact us to get bonus offers on all your insurance policies. Get an insurance policy from Let’s Compare now and add an extra shield of protection around you!