No Claims Bonus Transfer

[Riley'sLife]

The Bangkok Ins Co have told my wife that her 6 year NCB of 50% discount (earned on her 2005 Vigo 4x4 with 1st Class cover restricted to 2 named drivers and voluntary 5k excess) cannot be transferred to a new Policy in the event of her buying a replacement vehicle, unless that is also a 2 door pickup and is second hand.

Her NCB discount (50%) will be lost:

1. If she buys a different type of vehicle like a saloon or SUV - new or second hand, or

2. If she buys a brand new red plate 2 door pickup, or

3. If she buys a 4 door pickup new or second hand

I know the way insurance works here is not the same as in the west in many respects, but this is a new one for me!

Is this just a Bangkok Ins quirk, or do all Thai Ins Co’s operate like this?

[Soutpeel]

In some repsects this makes perfect sense as car insurance is on the vehicle itself not the driver

[Kwasaki]

Bit of a bit Faulty Towers !! Sorry but your confusing me.

her 2005 Vigo 4x4

cannot be transferred to a new Policy in the event of her buying a replacement vehicle, unless that is also a 2 door pickup and is second hand.

Her NCB discount (50%) will be lost:

2. If she buys a brand new red plate 2 door pickup, or

3. If she buys a 4 door pickup new or second hand

Contradictory I think but then again I'm from Barcelona.

[katabeachbum]

never heard of a transfer of NCB. It usually follows the car

[Royale]

I"ve had several cars, also different insurance companies, each time my NCB has been transferred to the new vehicle.Sounds like BS to me. Tell them you will leave for a new company and see how quickly they change their minds!

[LeCharivari]

NCBs in the West usually go with the driver; here they go with the vehicle. There's some logic to both:

Why should you get a 50% NCB on a new Ferrari just because you haven't had an accident in your Mira, as you could do in the UK?

On the other hand, why should someone else get a NCB who buys your car just because you've been a good driver, as you can do here?

Like KBB, I've never heard of NCBs being transferred with a driver here so I'm surprised that BIC offered to transfer any NCB at all or that Royale has always been able to transfer his NCB. What I have come across, though, are discounts being described as NCBs by some brokers which can be misleading.

[wandrinstar]

All sounds a bit Fishey to me.

[MoonRiverOasis]

Her NCB discount (50%) will be lost:

1. If she buys a different type of vehicle like a saloon or SUV - new or second hand, or

2. If she buys a brand new red plate 2 door pickup, or

3. If she buys a 4 door pickup new or second hand

These reules sound very odd - it appears what they're really saying is, she can only keep her NCB if she buys a used 2-door pickup?

I too have never heard of NCB being transferrable in Thailand. Even just swithcing insurers on the same car is enough to lose it..

[wandrinstar]

Your right MRO someones dreaming.

[djinn]

All sounds a bit Fishey to me.

+1

When I bought my first car in Thailand Axa insurance asked me a document from my european insurance cy prooving I had 50% NCB discount.

Axa applied a 50% NCB discount following the receipt of the document

When I changed my insurance cy some years later,the thai insurance cy did the same ECB transfer without problem

My advice:see an another insurance cy

[wandrinstar]

Been there ,read the Book, give em all the Info, but at the end of the day,you pay the same as Mr Noodle Vendor.Smarty Pants Ferang 17 K for his Ride, non ego Thai 17.K.

[JetsetBkk]

Chartis just confirmed to me that NCB is not transferred to new car.