no claims bonus

[ickleseamus]

can my insurance company with hold my no claims bonus i have an outstanding balance with them and don`t have the money to pay it due to losing my job they say they won`t release them till balance is paid but are threathing me with debt recovery agency

[ummmm]

That's the way the world works I'm afraid.

[redcrx]

if you done have the money to pay it then why do you need the NCD?

[R1Geezer]

yes they can, NCB is merely an internal insurance arrangement.

[chelle7272]

If you have no money to pay them then surely you have no money to reinsure - so you won't need it until then?

[ickleseamus]

i cancelled the policy early as i scrapped the van thinking i would have till the end of the policy date to pay up not getting insurance as unemployed but just thought they conned me should have just kept the policy going and made the monthly payments

[ummmm]

So did you inform your insurance company that you had scrapped the vehicle?

[R1Geezer]

insurance contracts are annual, if they allow monthly payements it's them who are being generous.They haven't "conned" you. If anything you have welched on the deal, welcome to the real world.

[ummmm]

When I took out insurance on my car I paid for the full year. I was told I could cancel at any time and get a refund for the months not used.

How can they expect you insure a vehicle that no longer exists?

[fredpuli47]

Write to the insurers telling them that the basis of the contract of insurance has gone and they are no longer 'at risk' because the insured vehicle has been scrapped. Since the insurance was for that vehicle and the vehicle does not now exist the contract should be regarded as henceforth voided as impossible of performance by virtue of that 'novus actus interveniens' viz the scrapping of the vehicle.
Therefore the balance, as calculated from the date of scrapping, is no longer payable, and they should recalculate any claim they make accordingly and advise what, if anything, is due to them.
Worth a try.

[Whickerman]

I'm only asking this because you've go the name Seamus in your username- are you in Ireland? If so it's illegal for an insurance company to withhold your NCD certificate, it must be provided on demand