| classibroke
| | Joined: 25 Sep 2013 | | Posts: 5 | |
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 Posted: Wed Sep 25, 2013 11:40 am Post subject: claims |
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Once you have car insurance, and you do not make any claim on it for a year, you become eligible for a 'No claims' bonus or a discount in the cost of your insurance. If you continue to have a 'No claims' status for five years, then there will be a drastic reduction in the cost of your insurance. Correspondingly, if your car is involved in an accident and you make a claim, then the cost of insurance goes up for you. There is one way to ensure the 'No claims' status. By paying an additional cost for the car insurance, you can have what is known as protected no claims bonus. Even if this is going to cost marginally higher, it will protect your 'No claims' status even if you do make any claim.
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