Introduction
NCD (No Claim Discount) is an important discount on car insurance premiums. However, delayed renewals or missing gap cover can cause your NCD to drop or even revert to 0%. This article explains common mistakes and how to ensure your NCD remains protected.
1. What Is Gap Cover?
- Gap cover helps protect your NCD when insurance renewal is late or there is a gap in coverage.
- Without gap cover, even with no claims, your NCD can drop one level due to a period without protection.
2. Consequences of Missing Gap Cover
- NCD may be lost or revert to 0% if insurance is not renewed within the allowed period.
- This leads to higher premiums for the next term, even if no claim was made.
- Many car owners are unaware, losing discounts they have accumulated over years.
BJAK Tip: Renew insurance before expiry, or take gap cover to prevent NCD loss.
3. How to Avoid the Issue
- Check your insurance and roadtax expiry dates.
- Renew early to avoid a coverage gap.
- Use BJAK reminders to ensure you don’t forget renewal.
- If you miss renewal, contact BJAK immediately for gap cover or endorsement options.
Conclusion
Missing gap cover can cause your NCD to drop and your premiums to increase. With early planning, timely renewal, and BJAK reminders, you can keep your NCD safe and your insurance costs lower. Understanding this process is key to protecting your hard-earned discount.
Read More:
Transfer Car NCD to a Motorcycle?
