Insurance - Proof of No claims discount?

[Lucky Duck]

My current insurer, who is part of the RIPE group, has offered renewal but at around 20% increase from last year's premium.

Porthcawl Insurance is mentioned here from time to time so I contacted them for a quote which came back commendably quickly.

Having indicated I'd have not so far made a claim in 20+ years of continous yacht insurance they have applied a reasonably substantial no-claims discount but are asking for proof of that such a discount was applied by my previous insurer along with the usual qualification seen in motor insurance policies that this must be less than two years old.

I don't recall ever being given proof of no claims on any insurance policies outside of motor insurance and similarly I think this is the first time I have been asked for such proof outside of the same.

Before I go back to them something similar has anyone resolved this successfully?

 

[Mark-1]

If the cover is less than 14 days old you can get a refund IIRC. I'd do that and pick the next best quote.

 

[Lucky Duck]

Fortunately they have made that requirement clear prior to taking out cover with them so I don't have that issue to deal with.

 

[Irish Rover]

I doubt the discount requires proof for the full 20 years. Can you not just ask Ripe for confirmation that you've not had a claim for whatever period you've been with them and see if that will satisfy the new insurer.

 

[westhinder]

My current insurer, who is part of the RIPE group, has offered renewal but at around 20% increase from last year's premium.

Porthcawl Insurance is mentioned here from time to time so I contacted them for a quote which came back commendably quickly.

Having indicated I'd have not so far made a claim in 20+ years of continous yacht insurance they have applied a reasonably substantial no-claims discount but are asking for proof of that such a discount was applied by my previous insurer along with the usual qualification seen in motor insurance policies that this must be less than two years old.

I don't recall ever being given proof of no claims on any insurance policies outside of motor insurance and similarly I think this is the first time I have been asked for such proof outside of the same.

Before I go back to them something similar has anyone resolved this successfully?

Doesn’t your yearly bill state x% no claim discount? I think mine does. That should be sufficient proof.

 

[Lucky Duck]

No mention of it at all in any of their documents.

I’m not sure it is a universal thing for yacht insurance in the way it is for motor vehicles.

 

[dunedin]

My insurance cover note from Haven Knox Johnston lists the years of no claims towards the end of the document. Have you checked your current paperwork carefully (if got electronically as a PDF, a text search may be fastest)

 

[Lucky Duck]

I’ve contacted my current insurer and asked for a confirmation ‘for my records’

IIRC Y Yachts explicitly stated they didn’t have a NCD but instead one’s (lack of) claim history informed their price so on that basis I won’t have more than five or so years but we shall see.

 

[Lucky Duck]

Just had a reply confirming that I haven't made a claim with my current insurers since I have been with them but nothing more, which is unsurprising I don't recall giving them any documentation other than the standard declarations when I have signed up with them.

Will pass on and see what they say.

 

[Sticky Fingers]

My insurance 'Statement of Fact' includes the NCD details. Haven Knox Johnson.

 

[Lucky Duck]

For me it simply says 'Proof of NCB - Yes'