If your No Claims Bonus (NCB) needs to be adjusted downward during your policy term, the insurer may apply an additional premium. This is because the original quote was based on the number of claim-free years you declared.
📉 If it turns out you have fewer years of no claims than originally stated, your premium will be recalculated – often resulting in a higher cost. The insurer would have offered a different price had the correct NCB been known from the start.
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