Car Insurance - Should I claim?

If your policy has a no-claim discount, it may be better for you not to claim for small sums, rather than lose your no-claim discount. For example, suppose your initial gross yearly premium was kr, and that you already had two no-claim free years behind you, entitling you to a 4o % discount. At the last renewal date, your premium was, therefore, 6o % of k70 = £42. Suppose also that, under the terms of your policy, the no-claim discount after three claim-free years is also 40 %.You have the following alternatives:

(a) If you claim: This depends on the practice of your insurer. Your no-claim discount may only be reduced a little by some, but others will take it away completely and increase your next premium to the basic kr you originally paid. It may be even higher if premiums have risen with costs over'the last two years. Should you start again on your no-claim discount scale, subsequent premiums will also be higher.

(b) If you do not claim: Your premium after three claim-free years would be 6o % of £70 = £42. Compare (a) and (b) with the amount of your claim to decide whether it is worthwhile to claim under your policy. In this particular case, it would certainly not pay you to claim for any amount under £58. If you do claim, but discover at the next renewal date that you have lost more by doing s0, try to persuade your insurer to refund your claim and restore your old no-claim discount.

c) Can I make a claim onlne.


Should I claim?

Payroll Giving
It’s all very easy to organise.
Just ask the Personnel or the Payroll Department at your company and, if they already have a scheme, they will give you the relevant forms.  HM Revenue & Customs’ website has a list of Payroll Giving agencies and explains payroll giving in more detail.

Salon Gold Insurance

Cheaper Insurance for Salons, Freelance Hair and Beauty, and Mobile Businesses - click here

read on: Car Insurance - Knock-for-knock

If your policy has a no-claim discount, it may be better for you not to claim for small sums, rather than lose your no-claim discount. For example, suppose your initial gross yearly premium was kr, and that you already had two no-claim free years behind you, entitling you to a 4o % discount. At the last renewal date, your premium was, therefore, 6o % of k70 = £42. Suppose also that, under the terms of your policy, the no-claim discount after three claim-free years is also 40 %.You have the following alternatives:

(a) If you claim: This depends on the practice of your insurer. Your no-claim... see: Car Insurance - Knock-for-knock