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 Insurance NCD transfer to new car

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blu3
post Feb 23 2014, 03:22 PM

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Joined: Nov 2007
QUOTE(davidlow7 @ Feb 23 2014, 09:57 AM)
still can transfer.. ... should have done it when you bought your car ?

I am currently transferrign mine.. contact my old insurance agent and get him to withdraw then fax over the documents to my SA to settle.. .

alternatively you may collect the documents and go over your another car's insurance company and tell them you want to transfer NCD

*I might have a clearer picture once mine is completely transferred....
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Car sold then you just go to insurance counter do endorsement -> cancel the old car policy and acquire a NCD entitlement letter and ask them to update into ISM.

If the new car fall under same insurance company, you can do transfer straight sway. Other wise you need to go to the new car insurance company and do entitlement.

FYI, IF you do cancellation earlier, you may entitle refund for your old car premium
blu3
post Feb 23 2014, 03:24 PM

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Junior Member
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QUOTE(reddevils10 @ Feb 23 2014, 01:22 PM)
im not gonna terminate it first. gonna have two cars under my name till i have another buyer for my old car. will i still be able to get ncd for new car ?
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Go to old car insurance company and do endorsement NCD withdraw. You need to pay up an amount of commission recovery, depend how long period of cover left for your old car. Should be a small amount charged only.

Therefore you still have two car policy in force and you and use the NCD entitlement for your new car premium discount

 

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