What is a no-claim bonus/discount … and how can you benefit from this?

What is a no-claim bonus/discount … and how can you benefit from this?

By Roberta Saglimbene
  • 19 Jul 13
  • 0 Comments
  • News
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A no-claim bonus, also known as no-claim discount, is gained once there are no claims.

This is earned step-by-step each year. By the 4th step, the insured will have a full no-claim bonus.

In case of a claim, the no-claim bonus is usually stepped back by 2 steps, that is 2 years.  But this might vary depending on your particular insurance cover.

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