How do I get a no claims discount?
If you don’t make a claim on your home insurance over a 12 month period, then you might obtain a reduction in the following year’s premium. If you don’t claim for a second successive year, you might receive a larger reduction, and so on. Home insurance policies typically allow a no claims discount to be built up over nine consecutive years.
By not claiming on your insurance for a small or trivial claim, you will benefit the insurance provider as they won’t need to pay out or spend time and money handling your claim.
Although the no claims discount was introduced by insurance providers for their own benefit, the end result for you is still that you save money in the long term.
Unlike car insurance, home insurance providers do not distinguish between ‘fault’ and ‘no fault’ claims when it comes to no claims discounts. Put simply, if you don’t claim in a 12 month period, you can expect to benefit from the discount.