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Insurance Renewal

  • 07-04-2010 8:20pm
    #1
    dubsaab
    Registered Users, Registered Users 2 Posts: 151 ✭✭


    Some advice please

    I had a claim on my insurance, the accident was almost 5 years ago and was settled just over a year ago by my insurance company.

    My renewal last year was around the same time as the claim was settled and my premium did not differ too much from the previous year.

    I was expecting a big hit on my premium this year, but my renewal has just come and my premium is LOWER than last year and my NCB has not been affected. The certificate of NCB included with the renewal says I have been claim free for over 11 years.

    I would find it hard to believe that a very large insurance company would miss something like this, should I just renew and keep my head down or should I contact them and 'remind' them about the claim?


Comments

  • #2
    bongi69
    Closed Accounts Posts: 370 ✭✭bongi69


    What type of claim is it? No need for exact details.

    Certain claims wont affect your NCB, such as claims caused by 3rd parties, and some insurers wont deduct an NCB for theft claims.

    Going on my own experience working for a broker, insurance co's are always on top of decreasing NCB's, and mistakes are generally caught before a renewal being issued. In cases where it was missed, it would be affected at the next renewal, plus a year. Eg. bonus supposed to go back to 0, missed, and the next year it goes back to 0, plus the year just gone if there was no claims, so the client would have 1yr NCB

    Also, you could have been stepped back at the time of the incident. I'd err on cautions side and contact them to see what the story is.


  • #3
    j4vier
    Registered Users, Registered Users 2 Posts: 1,893 ✭✭✭j4vier


    hi
    sorry to ask in this thread but its quite relevant to me

    basically got a quote from an insurer , then rang a broker asking for a fully comp insurance, and i was told a price 70e cheaper from the same original insurer!

    is this normal? sorry for the dumb question, just not an expert on this stuff

    is there anything that I should watch out for?

    i asked if the excess would have been different between the 2 options , but i was told it would have been the same

    is my point of contact the broker or the insurer if i decide to do down the broker route?

    thanks


  • #4
    dubsaab
    Registered Users, Registered Users 2 Posts: 151 ✭✭dubsaab


    bongi69 wrote: »
    What type of claim is it? No need for exact details.

    Certain claims wont affect your NCB, such as claims caused by 3rd parties, and some insurers wont deduct an NCB for theft claims.

    Going on my own experience working for a broker, insurance co's are always on top of decreasing NCB's, and mistakes are generally caught before a renewal being issued. In cases where it was missed, it would be affected at the next renewal, plus a year. Eg. bonus supposed to go back to 0, missed, and the next year it goes back to 0, plus the year just gone if there was no claims, so the client would have 1yr NCB

    Also, you could have been stepped back at the time of the incident. I'd err on cautions side and contact them to see what the story is.

    I tipped another car & the driver made a personal injuries claim


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