QUOTE(darienong @ Jun 14 2012, 05:44 PM)
Hi Rick, do u have any idea how long (max) this Endorsement Form could valid? within 1 year? For my case, I disposed off my old car in somewhere Aug 2011, then maximum until went my NCD b/f from this old car can hold before I can a new car?
My agent told me it's 1 year as mentioned by Stargate8 too.But do be aware that by withdrawing your NCD before your policy expires, you need to PAY the remaining balance of the insured period at a normal price without discount.
Let's say you have 3 months before expiry, these 3 months must be charged without 55% discount which you have enjoyed. Ask your insurance agent to work out the cost of withdrawing NCD then you decide worth it or not.
Mine expires on September 2012 and I have to top up $30 only. Paying $30 to secure my NCD of 55% is totally worth it although I got my car delivered in 3 Weeks time. That car is driven by wife to office everyday with heavy traffic so I dare not take the risk.
No harm clarifying this issue with your insurance company.
Added on June 14, 2012, 7:34 pmWhere is Junn Junn?
Didn't see much of him today.
I want to give him a good wubbing
This post has been edited by Rick Federer: Jun 14 2012, 07:34 PM
Jun 14 2012, 07:30 PM

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