Hello,
Can an insurer apply an additional charge to your insurance premium, via a "claims loading", while you have full no claims bonus protection ?
If so, why pay the additional cost in protecting your "no claims bonus" in the first instance, if the insurer can simply increase your premium by calling the increase something else (i.e. "claims loading") after you have mad a claim on your policy ?
Thank you.
Can an insurer apply an additional charge to your insurance premium, via a "claims loading", while you have full no claims bonus protection ?
If so, why pay the additional cost in protecting your "no claims bonus" in the first instance, if the insurer can simply increase your premium by calling the increase something else (i.e. "claims loading") after you have mad a claim on your policy ?
Thank you.