Insurance Services: Motor Q&A ?
What does comprehensive, third party fire and theft and third party only mean?
Comprehensive cover: this covers any injury or damage incurred when you crash the car yourself, or if the car is vandalised. Medical cover applies to you and/or your passengers.Third Party Fire and Theft: the driver named on the policy is not covered in the event of an accident. Instead cover extends to any other persons injured or vehicles damaged by the incident. It also covers damage caused by fire or theft.
Third Party only: cover is limited to any other persons injured or vehicles damaged by the incident excluding the driver named on the policy.
What is No Claims Bonus?
For every year of claim free driving your insurer gives you a discount on your premium.What No Claims Discount am I entitled to?
The no claims bonus that you have as a main driver will supersede any other bonus that you have as a named driver. Each year of claims-free driving will entitle you to a 10% discount to you on your policy to a maximum bonus of 50%.Period of Insurance Reduction
- One Year 10%
- Two Years 20%
- Three Years 30%
- Four Years 40%
- Five Years 50%
Is my No Claims Bonus affected by a claim?
Claims for windscreen breakage will not affect your No Claims Bonus. Provided you have an alarm and immobiliser fitted by a professionally qualified alarm installer or major motor dealer, and both are in effective operation at the time of a theft or attempted theft, your No Claims Discount will not be affected where there is a valid theft claim.If you choose to take out a protection on your No Claims Bonus, you may incur up to two claims in a three-year period, costing in total not more than €3,900.
