No Claims Bonus

Jargon Buster

November 30, 2019

Jargon Buster

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No Claims Bonus

No claims bonus or a discount is applied to a premium and is given as a result of no claims being made during the previous year(s) period of insurance. (There are no monies given for this discount applied).

No claims bonus is a common term used with motor insurance and can also be know as no claims discount.