Unfair 3rd Gear July 28, 2011 Share July 28, 2011 just to tag on my question... for eg. i drive 3 years have 20% NCD. then my present car is scrapped... does my NCD expire with a no. of years (ie. 0% NCD) if i dont get another car to drive? Stop driving for 1 yr, your NCD is gone. ↡ Advertisement Link to post Share on other sites More sharing options...
Mrmilktooth Supercharged July 28, 2011 Share July 28, 2011 Stop driving for 1 yr, your NCD is gone. even go overseas then come back 1+ year later also start from 0%? Link to post Share on other sites More sharing options...
SimonTan 2nd Gear July 28, 2011 Share July 28, 2011 It's best not to worry so much about NCB. Buy insurance and worry about NBC is counter productive. Why pay $1000 each year and yet dare not claim? Just enjoy driving and carrying on buying whatever insurance. NCB belongs to the named insurance buyer, in this case the mother! It does not belong to the car or to the driver. Just whoever name n IC number is on the insurance, it belongs to that person only. Link to post Share on other sites More sharing options...
Vega Turbocharged July 28, 2011 Share July 28, 2011 Stop driving for 1 yr, your NCD is gone. not true. i stop driving for 14 months and my accumulated ncd still intact. some insurance coy allow up to 24 months. Link to post Share on other sites More sharing options...
Cluboxed 1st Gear July 28, 2011 Share July 28, 2011 not true. i stop driving for 14 months and my accumulated ncd still intact. some insurance coy allow up to 24 months. true...they usually have some allowance..say 2 yrs max..but do check with ur insurance coy cos different coy have different policy standards... Link to post Share on other sites More sharing options...
Mrmilktooth Supercharged July 28, 2011 Share July 28, 2011 true...they usually have some allowance..say 2 yrs max..but do check with ur insurance coy cos different coy have different policy standards... ok. thks will chk with ins coy. Link to post Share on other sites More sharing options...
Calvin79 2nd Gear July 28, 2011 Share July 28, 2011 I remember that you cannot just change like this to another name... understand that if the car is under loan, the full loan must be settled. though i not very sure. but i am sure the agent can advice u better. Link to post Share on other sites More sharing options...
Yun10 Neutral Newbie July 29, 2011 Share July 29, 2011 ok. thks will chk with ins coy. I stopped for 23 months. Last time with MSIG, I called and asked their customer officer, but they said no more NCD as it exceed 1 year. Anyway, its just a phone call, can't really conclude, maybe appeal another story. Anyway, new car must get AIG cos tied to car, and AIG just approved to let me have my NCD back. Link to post Share on other sites More sharing options...
Jordanplus 1st Gear July 29, 2011 Share July 29, 2011 insurance is under mother's name so the car ownership also must be mother's name. If want to change to son' name, car ownership also must change. If still under loan, u may need to settle the balance loan amount. Link to post Share on other sites More sharing options...
KiKiKu Neutral Newbie August 29, 2011 Share August 29, 2011 Help needed ... in pain ... Folks, need to seek some advice here. Got into a super minor accident last year, my car kissed the tyre of a motor bike in front of me. No injuries involved, only damage to carplate... and was trying to settle with the guy but he sped off (think he was high or driving wout licence). Got worried and informed my insurer, also made a police report on the hit n run. Time for insurance renewal and they gladly informed me that my 20% ncd (would have been 30% this time rd) is gone as they are setting aside some reserve in case of claim!!! Doesn't help to take initiative right?? Any advice on my options? Spoke to a frd who told me I could opt for signing a letter of indemnity to undertake any potential claims from the incident (I'm quite sure the fellow will not pursue). Qns: Is that our right against the insurers? Can the insurer refuse such an arrangement? Any other recourse (legal?)against the insurer cos I really DID NOT file any claims for the year, and they are denying my ncd. Very disappointed with how things turn out..and I understand my ncd will still be ZERO if i go to others now? Link to post Share on other sites More sharing options...
Simchuan86 Clutched September 2, 2011 Share September 2, 2011 bro contact me. I can help you advise on this matter. PM you my contact. Link to post Share on other sites More sharing options...
Kueijie Clutched September 2, 2011 Share September 2, 2011 Help needed ... in pain ... Folks, need to seek some advice here. Got into a super minor accident last year, my car kissed the tyre of a motor bike in front of me. No injuries involved, only damage to carplate... and was trying to settle with the guy but he sped off (think he was high or driving wout licence). Got worried and informed my insurer, also made a police report on the hit n run. Time for insurance renewal and they gladly informed me that my 20% ncd (would have been 30% this time rd) is gone as they are setting aside some reserve in case of claim!!! Doesn't help to take initiative right?? Any advice on my options? Spoke to a frd who told me I could opt for signing a letter of indemnity to undertake any potential claims from the incident (I'm quite sure the fellow will not pursue). Qns: Is that our right against the insurers? Can the insurer refuse such an arrangement? Any other recourse (legal?)against the insurer cos I really DID NOT file any claims for the year, and they are denying my ncd. Very disappointed with how things turn out..and I understand my ncd will still be ZERO if i go to others now? Since he sped off, seems like he didnt even bother to "take note" ur car plate. Which i dun see the possibility(not knowing the car plate) that he would claim against u. So, i think i would probably keep in silent at that point of time. Link to post Share on other sites More sharing options...
Ets888 Neutral Newbie September 2, 2011 Share September 2, 2011 wanna hijack this thread a bit, i have this problem now... i'm driving a commercial van and hence the it's registered under sole proprietor company which belongs to me. when i buy insurance the insured driver was me, now i have a claim pending 'cause they say they putting reserves aside just like bro above mentioned.... can i not transfer the vehicle name and register the insurance under my company but another driver?? else my premium will be a bomb end of the year!!!! HELP!!! Link to post Share on other sites More sharing options...
Stepspro 3rd Gear September 21, 2011 Share September 21, 2011 (edited) Sorry... hijack this thread. I have a car with 50% NCD. I plan to sell my car to my sister. If we decide to do full transfer of ownership, can I transfer my 50% ncd to her name? I don't plan to buy another car any time for the next 2-3 years. Or I should just keep as it is and collect all out of pocket expenses (loan payment, road tax, insurance etc.) from her? All the while, she is the named driver. Thanks. Edited September 21, 2011 by Stepspro Link to post Share on other sites More sharing options...
Acieed 1st Gear September 21, 2011 Share September 21, 2011 If your sister had been a named driver on your insurance policy, you have a better chance. Otherwise, she is just like buying the car off the market, and she needs to have her own insurance policy. Its tied to the owner, not to the car for apparent reasons. There is also a transfer fee incurred, either you pay it or your sister pay it. And you also have to settle your loan, which most likely will incur credit charges following the rule of 78. If you trust your sister enough, I would say don't bother with making the transfer. Save the money and spend some good family time. Sorry... hijack this thread. I have a car with 50% NCD. I plan to sell my car to my sister. If we decide to do full transfer of ownership, can I transfer my 50% ncd to her name? I don't plan to buy another car any time for the next 2-3 years. Or I should just keep as it is and collect all out of pocket expenses (loan payment, road tax, insurance etc.) from her? All the while, she is the named driver. Thanks. Link to post Share on other sites More sharing options...
Stepspro 3rd Gear September 21, 2011 Share September 21, 2011 Thanks. Link to post Share on other sites More sharing options...
Fion11 Neutral Newbie October 2, 2011 Share October 2, 2011 Sorry hijacking this thread too. I had a minor road accident a few months back - there was barely visible damage to my vehicle which I could just polish off and no one hurt/no public property damaged etc so I didn't make a claim. The other party had minor damage to their vehicle. Now I have discovered the other party had claimed against me and their account of the incident has been reported as though I was at fault as well as having changed parts of the incident to support their case + inflated repair cost. Any advice? Will I end up being found liable because I didn't make a report with the time elapsed and lose NCD? Thank you. Fi. Link to post Share on other sites More sharing options...
Lancelord Neutral Newbie October 3, 2011 Share October 3, 2011 sorry for hijacking...... pls helpppppppppppppp I need to ask some advice from all MCF bros abt insurance premium. 3yrs ago i had file a claim to my insurancer for hitting another car and so ever since my insurance premium had risen. Just like to find out, how many years will i need to pay for the increase insurance premium before it resets back to normal price? So will the GIA delete my accident claim from their record after a few years. Greatly appriciate to those bros that give me advice........ Thank You ↡ Advertisement Link to post Share on other sites More sharing options...
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