Home Insurance No Claim Discount

Kaz0551 on 29/05/2019 - 18:12
Last edited 29/05/2019 - 18:14

I was completing home and contents quotes for a new place and was using the wife's details as to my knowledge, she was the policy holder on our old place and investment.

Had 10 years previous with no claims… 20% no claims discount.

Turned out the last policy was in the mother on law's name and we didn't have insurance on investment (strata)

The difference is only 20-30 month without the discount… But what would have been the consequences if I had applied with an incorrect NCB rating? I'll call insurer tomorrow and see if they'll gift a discount anyway due to long term car insurance customer.

Do home insurers check NCB status? Would any claims have been denied?

I did a boy googling and only saw references to car insurance.

Edit: is your home insurance in one or both of your names?

Financial Home Insurance Insurance

Comments

  • footyboy on 29/05/2019 - 18:58
    +3

    Why risk it? Always input correct information.

  • Quantumcat on 29/05/2019 - 19:03
    +2

    If you don't put in the correct info you may as well have no insurance

  • Hellfire on 29/05/2019 - 19:21

    No claim bonuses have been changing a lot in recent years. Many insurers are going to number of claims in last x years model. You should be able to find one where you don't need to lie to get the discount.

  • Kaz0551 on 30/05/2019 - 10:55

    ahhhh so

    I wasn't trying to be deceitful, honestly thought the last policy was in the wife's name.

    Spoke to NRMA, they said if we were paying the policy and financially attached, we're able to claim the no claim discount. The same theory works for car insurance FYI - if your partner has a car policy and you also drive it, pay for petrol etc you're entitled to claim the no claim discount on your policies.

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