Insurance

What is No Claim Bonus Under A Car Insurance Policy ?

Even if car prices rise with time, car insurance prices do not have to! The prices can actually drop over the years, here's how. It's called No-Claim Bonus (NCB). Usually, individuals with car insurance policies are aware of this concept but are often unaware of its specifications. This becomes a major reason for dissatisfaction while renewing the policy. Discover several details of the No-Claim Bonus that everyone must understand. First and foremost, remember that No-Claim Bonus is a kind of discount that's only applicable on car insurance policy renewal. NCB can be considered an insurance company's reward to the insured...