Accident Just Now

[Blu_g]

Privately settle lo. That time i kena the same thing as u, both parties decided to settle privately

 

Aiyah.. I don know..

First thing that come to my mind was claim insurance..

Another thing is that his butt quite serious..

[Sci10213]

but will they return you the extra money paid in the event of no claim?

 

only after 2 years if no claim arises

[Beng2]

I thought the other party has up to six years to file a claim? If that's the case, wouldn't the insurance company hold the NCD for six years too? Someone pls clarify..

[Sci10213]

yes... property claims have up to 6 years. Insurers have to review their files constantly and 2 years is usually the holding period. If no claim after 2 years, insurers can review the NCD on case-by-case basis. However, if the claim comes in on 2 years & 1 day, the NCD will be forfeited & insurers will claw back the refund premium (if any)

 

 

This review file system applies in general. Please check with your own insurer for any difference.

Edited November 19, 2008 by Sci10213