No Claims bonus, Rewarding the safe driver - Insurance owl

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No Claims Bonus

Get no claims bonus information from the leader in insurance help, insurance-owl. What can you expect from a no claims bonus car insurance and what are the potential pitfalls? Insurance owl will help you sort the fact from the fiction.

Usually associated with vehicle insurance. This is a bonus given to policy holders, if you can prove that you made no claims for a certain amount of time then the insurance company will give you a discount when you purchase the policy.
It is in the benefit of the insurer to reward safe users, statistically a driver with no or few claims is unlikely to eve be responsible for an accident.
This is the no claims bonus

Other articles on Car insurance.

What is it really?

It is the insurance company taking into consideration your normal behaviour, if you don't normally have accidents then insurer will calculate you policy accordingly.

But there are some catches, you must be able to prove that you never claimed, (previous insurer details for example), and by definition you must never have made a claim.
Sadly some insurers tend to refuse the no claims bonus even if the claims you did make were not your fault, the reason been that not only you are a good offensive driver but you are also a good defensive driver, (quite hard to achieve).

What do I get out of it?

Cheaper premiums, preferential status and so on.
If you are likely to never claims then it is in the interest of the insurance company to have you in their books.
Use it to your advantage when shopping around for a insurance.

Where can I claim my "No Claims bonus"?

Unfortunately it is not up to you to decide when you are entitled to a bonus. Most insurance companies will only offer a "no claims bonus" to new customers. So it does pay to shop around.

My Insurer does not offer that bonus, what next?

The simplest way it to compare with other companies, what benefits do they offer.
It might be tempting to jump to the cheapest premium but you need to look at other factors as well, such the actual value of the compensation and extras, (free car rental while the claim is been settled).
As a general rule, a good company will offer a no claims bonus.

Phillip Wasserman and Phillip Roy Financial Services File Malicious Prosecution Lawsuit Against Attorney John Hargrove


2007 - 11 - 21

Phillip Wasserman and Phillip Roy Financial Services, one of the nation's leading sellers of annuities and life insurance, have filed suit against Ft. Lauderdale based attorney John Hargrove and the firm of Gordon, Hargrove and James alleging malicious prosecution and other claims for relief. Phillip Wasserman and Phillip Roy Financial Services allege that Hargrove and his firm engaged in a scheme to defraud the courts by alleging that multi-millionaire retirees are not of sound mind to purchase annuities but yet are of sound mind to contract with them as attorneys. Wasserman and his firm also allege that Hargrove and his firm have filed dozens of similar cases in Florida courts as part of an overall scheme of coercion and have misrepresented their clients' mental health in order to recover attorney's fees. (PRWeb Nov 20, 2007)

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Phillip Wasserman and Phillip Roy Financial Services File Malicious Prosecution Lawsuit Against Attorney John Hargrove


2007 - 11 - 21

Phillip Wasserman and Phillip Roy Financial Services, one of the nation's leading sellers of annuities and life insurance, have filed suit against Ft. Lauderdale based attorney John Hargrove and the firm of Gordon, Hargrove and James alleging malicious prosecution and other claims for relief. Phillip Wasserman and Phillip Roy Financial Services allege that Hargrove and his firm engaged in a scheme to defraud the courts by alleging that multi-millionaire retirees are not of sound mind to purchase annuities but yet are of sound mind to contract with them as attorneys. Wasserman and his firm also allege that Hargrove and his firm have filed dozens of similar cases in Florida courts as part of an overall scheme of coercion and have misrepresented their clients' mental health in order to recover attorney's fees. [PRWEB Nov 20, 2007]

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'Pre-Shoppers' Make Their Finance, Insurance and Broadband Purchasing Decisions at Buddy Sites


2007 - 11 - 21

Less than a year after the launch of MoneyBuddy.com.au, Australia’s fastest growing personal finance information and comparison site, Yield Media has expanded its portfolio. The Buddy network of sites has gone live with the addition of a broadband information site, an investment information site and insurance information site. (PRWeb Nov 20, 2007)

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Disclaimer

Please note that this website is for information only. Whilst every care has been taken to provide accurate information the complex nature of insurance, cover and compensation mean that you are responsible for the final decision on what action should be taken.
You need to take special care to ensure that the advice given applies to you country, state or jurisdiction.

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