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Retention of no-claims bonus as named driver?
My partner and I both have max no-claim bonuses but we are reducing from two cars to one. We can continue with one insurance policy with the partner as a named driver but how does the other one maintain their no-claims rights in case we revert to two cars in a few years time? LV says that the stopped policy will only entitle a one year retention of the no-claims that have been built up.
Asked on 11 June 2013 by Woodork
Answered by
Honest John
Normally an ex policyholder retains NCD for 2 years, but 1 year must be the max LV allows.
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