Meaning of No Claim Bonus (NCB) in Motor Insurance

Описание: Understand No Claim Bonus in Motor Insurance:

A car window is broken, and the owner considers using car insurance to file a claim. Ouch Potato introduces the concept of No Claim Bonus (NCB) as a way to get a discount on insurance premiums for not filing a claim in the previous year. NCB can lead to discounts ranging from 20% to 50% on the own damage premium. It's suggested to fix minor damages without filing a claim to benefit from NCB discounts. NCB rewards responsible and safe drivers and can be transferred to a new vehicle if the policyholder remains the same. The process of transferring NCB to a new vehicle is simple and hassle-free.

In this video, we explain:
1. Introduction 00:00 – 00:23
2. What is No Claim Bonus? 00:24 - 00:56
3. How does it help and what is the discount offered? 00:57 - 01:20
4. Advantages of NCB 01:21 – 01:47
5. Conclusion and Disclaimer 01:48 – 01:57

Read our simplified explanation for more details here:

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