Jan 26 2022, 07:34 AM
QUOTE(hus2020 @ Jan 26 2022, 01:23 AM)
I have a complex NCD question. Need clarity and guidance.
CAR 1 - Honda City - Current NCD 45% - Renewal is Dec'22
CAR 2 - Wira - Current NCD 25% - Renewal is Jul'22
NEW CAR - Plan to buy New Honda Civic
What I want to do is-
1) Withdraw 45% NCD from Honda City to the New Honda CIVIC
2) Honda City now sits at 0% NCD. Honda Civic at 45%
3) By July, renew Wira insurance and move up to 33% NCD.
4) Withdraw this NCD and transfer to Honda City
5) Honda City now 33% and Wira at 0%
6) In Dec, renew Honda City insurance with 33% NCD.
Will it work in this manner?
Can, as long as all cars are under the same owner. Also, do note that:CAR 1 - Honda City - Current NCD 45% - Renewal is Dec'22
CAR 2 - Wira - Current NCD 25% - Renewal is Jul'22
NEW CAR - Plan to buy New Honda Civic
What I want to do is-
1) Withdraw 45% NCD from Honda City to the New Honda CIVIC
2) Honda City now sits at 0% NCD. Honda Civic at 45%
3) By July, renew Wira insurance and move up to 33% NCD.
4) Withdraw this NCD and transfer to Honda City
5) Honda City now 33% and Wira at 0%
6) In Dec, renew Honda City insurance with 33% NCD.
Will it work in this manner?
1. You need to top up your Honda City premium (2) since 45% --> 0% - this will be prorated
2. You can claim your Honda City new premium (5) since 0% --> 33% - this will be prorated too
3. You need to top up your Wira premium (5) since 33% --> 0%
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