No claim bonus is definitely an alluring aspect of most of the
Van Insurance plans. Against the prevailing myth that a claimer loses whole amount of no claims bonus, the reality may be summarized as below:
- In case of fault claim on insurance cover, the No Claims Bonus is restricted for the time period of two years only. Thus, a four year no claims bonus will be brought down to two years.
- The insurance companies offer a fixed amount of discount on no claims bonus and it depends upon the terms of different companies.
- The no claims bonus levels for different insurance companies have different maximum values.
The best way to protect your
No Claims Bonus is to stay away from any type of fault claim framed by you. However, the no claims bonus generally has any effect upon the insurance quotes mentioned by the company in the following year. Instead, the company will be interested in your claim history to offer a revised insurance quote. So, you may experience enhancement in the quote offered by your insurer in the next year.
100% 
95% 
