No Claims Discount

Provided no claim is made or arises under the policy during a Period of Insurance specified below immediately preceding the renewal of the Policy, you may be entitled to a No Claim Discount as follows:

Step Back Comprehensive No Claim Discount

If you have completed 2 or more consecutive years with us at our Maximum NCD (No Claim Discount), you can make One Claim without the loss of your Discount.
In addition, a “Step Back” provision has been introduced as follows:

Protected Maximum Comprehensive No Claim Discount

If after you have completed two (2) or more consecutive years with us at our Maximum No Claim Discount without any subsequent interruption in the insurance and not more than one claim is made under the policy the No Claim Discount will Not be affected. However, if at any date during the next three consecutive Periods of Insurance you make another claim, the No Claim Discount would be disallowed.

Third Party Fire and Theft and Third Party only policies

The application of the “own damage” excess has been modified in favor of the insured.

In the case of a Total Loss, the Percentage stated is of the Sum Insured or Market Value whichever is less at the time of the Loss or Damage. In the case of a Partial Loss, the Percentage stated is of the Sum Insured at the time of the Loss or Damage.

In the event that this Policy is on an Agreed Value Basis, the Percentage stated is of the Depreciated Value at the time of the Loss or Damage. If no Percentage is stated, the Minimum Excess applies.

Insureds must note that the No Claims Discount can be affected for each and every claim regardless of liability.