Friday, March 09, 2012

No claim discount on motor insurance - reporting an accident


Direct Asia explains their approach towards No Claim Discount on motor insurance and also the practice of the market.

A policyholder will lose the NCD when he reports an accident and is assessed to be liable for the accident, whether or not a claim is actually received. However, if he is not liable, he can still make a claim and will not be penalized for the NCD.

http://tankinlian.com/admin/file.aspx?id=632

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