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- Does Motor Insurance Premium go up in case of larg...
30-07-2016 04:53 PM
30-07-2016 04:53 PM
Will my motor insurance premium go up, if I have a large claim next year?
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20-10-2021
03:13 PM
- last edited on
20-10-2021
03:16 PM
by
Joan
20-10-2021
03:13 PM
- last edited on
20-10-2021
03:16 PM
by
Joan
Hi
If the policyholder is prone to a certain type of risk or opts for claims quite often, then loading will be calculated.
No Claim Bonus (NCB) is given after a claim-free year on renewal of the policy. If claim is paid then the next renewal premium will impacted.
13-12-2017 05:22 PM
13-12-2017 05:22 PM
The change in premium rate does not depend upon on claim.
If you have claimed one year then you wont get no claim bonus next year, or sometimes there is loading on premium depending how risky it is to cover the vehicle.
20-10-2021 03:09 PM
20-10-2021 03:09 PM
Hi,
There is no limit to the number of claims that one can register during the policy period. However, the policyholder can claim until the consolidated claim amount reaches up to the Insured Declared Value (IDV) of the car. Also, claims have an impact on your premium at the time of renewal.
No Claim Bonus(NCB) is given after a claim free year on renewal of the policy, if claim paid then next renewal premium will impact.
20-10-2021
03:13 PM
- last edited on
20-10-2021
03:16 PM
by
Joan
20-10-2021
03:13 PM
- last edited on
20-10-2021
03:16 PM
by
Joan
Hi
If the policyholder is prone to a certain type of risk or opts for claims quite often, then loading will be calculated.
No Claim Bonus (NCB) is given after a claim-free year on renewal of the policy. If claim is paid then the next renewal premium will impacted.