Hi Guys,
My wife has just received her No Claims Statement in the post today...
She is insured through an AXA broker... She reckons her no claims should be 7 years yet the statement says
The actual number of years without claims on this policy is 2 years
The last recorded claims is "Settled 121 euro and third party"
The percentage NCD allowed is 70%
I have rang the agent and they tell me that even though it says 2 years it is the 70% part that insurance companies look at.. When I queried what the payout of oly 121 was about they could only guess at being an admin fee.
I know there was an accident on the policy on the date that the 121 settlement is for but both parties agreed to look after their own cars.... SImple Accident!
Why would someone use up their no claims bonus for 121 euro.
Can anybody shed some light on this ?
Is it the 70% that Insurance Companies look at as when she looks for quotes she tells them she has 7 years no claims bonus.
Cheers,
MrC
My wife has just received her No Claims Statement in the post today...
She is insured through an AXA broker... She reckons her no claims should be 7 years yet the statement says
The actual number of years without claims on this policy is 2 years
The last recorded claims is "Settled 121 euro and third party"
The percentage NCD allowed is 70%
I have rang the agent and they tell me that even though it says 2 years it is the 70% part that insurance companies look at.. When I queried what the payout of oly 121 was about they could only guess at being an admin fee.
I know there was an accident on the policy on the date that the 121 settlement is for but both parties agreed to look after their own cars.... SImple Accident!
Why would someone use up their no claims bonus for 121 euro.
Can anybody shed some light on this ?
Is it the 70% that Insurance Companies look at as when she looks for quotes she tells them she has 7 years no claims bonus.
Cheers,
MrC