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What does 'Protected No Claim Bonus' mean?

fodigie
by fodigie 12 October 2010  |  Comments 1 comment  |  Love Love  0 loves

I had 10 years 'protected no claim bonus' on my car insurance last year. But during the year I had 2 fault accidents (both claims settled). When I received my insurance renewal notice this year the premium quoted was £1200 (last year £250) with the No Claim Bonus down to 0 years!

Is this right? I was under the impression that 2 fault accidents are allowed in a 3 year period before losing the NCD. Please advise?

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Comments (1)

  • MikeGG1
    Love rating 879
    MikeGG1 posted

    You will have to check your policy for the precise wording. It may be that 2 are allowed in a 3 year period, but not 2 in 1 year. The exact definitions vary.

    Mike

    Posted on 12 October 2010 | Love Love  0 loves Report

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