No Claims Bonus scale

chasm

Hi,

could you give me details of Liberty's No Claims Bonus Scale, as it doesn't seem to appear on your website.

Thanks

Liberty Insurance: Una

Hi chasm

A no-claims bonus is earned from the beginning of the policy to the renewal date. If no claim arises during the period of insurance, at the renewal date we will reduce the renewal premium in line with our no-claims bonus scale. 

If you have opted for no claims discount protection when you started the policy, then you will not lose any of the discount if you make one claim in the insurance year. If you make a second claim in the same period of insurance, your no claims discount will step back as follows:
1 year reduces to zero, 2 years reduces to zero, 3 years reduces to zero, 4 years reduces to 1 year 5 or more years reduces to 2 years
If you haven’t protected your no claims discount, it will step back as above.

The percentage discount for each year’s no claims will vary on each policy, dependent on the other risk factors on each individual policy.

A no claims bonus does not prevent your premium from increasing if you have a fault claim on your policy.

Thanks for your query,

Una

chasm

Hi,

Thanks for the reply, my query is specifically in relation to this section of your policy document:

"If no claim arises during the period of insurance, at the renewal date we will
reduce the renewal premium in line with our no-claims bonus scale applying at
the renewal date. You can ask for details of the no-claims bonus scale"

Surely the Base Premium amount accounts for the risk factors etc, the No Claims scale should be the same across all policies?

Thanks

Liberty Insurance: Cathy

Hi Chasm,

Our No Claims Discount will vary based on risk details and on the renewal date of the policy,  Can you PM me your details and we can contact you to confirm the No Claims Percentage relevant to your policy.

Cathy