Team-BHP - View Single Post - ARTICLE: No Claim Bonus

GTO · 8th May 2007, 15:13

Nitrous,

Ajmat has already put in an explanation for that situation in the opening article.

Q: I have a cheap Maruti 800 with a 50% NCB and want to buy a Honda City while keeping both cars.

A: One option to consider is to cancel the insurance on your Maruti and claim the NCB certificate for your Honda while insuring the Maruti with a different company. Another alternative is to transfer the Maruti’s ownership and insurance to your spouse or sibling and proceed as above.

8th May 2007, 15:13	#50 (permalink)
GTO Super-Admin Join Date: Feb 2004 Location: Bombay Posts: 12,572	Nitrous, Ajmat has already put in an explanation for that situation in the opening article. Q: I have a cheap Maruti 800 with a 50% NCB and want to buy a Honda City while keeping both cars. A: One option to consider is to cancel the insurance on your Maruti and claim the NCB certificate for your Honda while insuring the Maruti with a different company. Another alternative is to transfer the Maruti’s ownership and insurance to your spouse or sibling and proceed as above. __________________ GTO Change the way you think, and watch the world change around you. Please don't PM for support. Use the Contact Form instead. Please read the NEW Team-BHP FAQ section for all your queries.