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Originally Posted by ajmat
3: Use the NCB: Forward the NCB letter to your new car’s dealer. Voila! You have just transferred the NCB to your new car insurance and saved a bundle. FAQ Q: I have not sold my old car and need to take delivery of a new one.
A: Go ahead and buy the new car: you cannot claim your NCB for the first year but make sure you get the NCB letter when you sell your old car. You can use the letter to reduce your second year’s premium. |
This is an excellent article. Even I was not aware of it.
I am bit confused with the above two statements in quote. Please throw some light on them.
Thanks..