The Insurance Fraud Bureau and Association of British Insurers have warned the motorists to avoid fraudulent brokers and the websites offering no claims bonus certificates.
The no claim bonus attracts the drivers as they can reduce their premium heavily on the basis of their good driving record. Some of the smart companies try to befool the car owners by offering the fake no claim certificate for classic car insurance.
The car owner who had made any claim will have that record in the driving history soon that will come out whenever you try to make no claim bonus. The insurance provider tracks down the license and riving records of the driver before issuing the no claim bonus.
Whether you have a certificate of no claim bonus, you cannot befool the insurer. This might act as fraudulent case by you and instead of reducing the classic car insurance premium, you might have to bear hike in the insurance premium.
The car owner planning to renew the classic car insurance policy and think that this no claim bonus certificate can help in gaining premium favour from the new insurer, should give a second thought. The driver needs to submit the documents from previous insurer that include documents of claim made by the car owner.
Whether the claim is due to your fault or the other driver fault, a claim is a claim and its impact will be there on your insurance policy premium. The first claim costs the insurance owner most as the damage is more and the effect on your driving record is more.
Another notable point here is that the faulty car insurance owner will have to bear rise in insurance premium while if the other driver is at fault then you can save yourself from any insurance premium hike.
