Net Gamblings

Insurance companies like to insure customers who present a low risk of filing a claim because customers unlikely to need an insurance payout reduce greatly the paperwork and overall expenses for the company that is doing the insuring. Many such companies, in fact, will offer steep discounts to people whose credit history and other background information indicates that they are quite unlikely file a claim. Those who have been with the same company for an extended length of time without filing a claim can often receive a no-claims discount after several years if they have not suffered a loss of any kind.No-claims discounts are attractive to buyers, and many of them are hesitant to change insurance companies for your contents insurance cover and leave a provider with whom they have a no-claims discount. It is therefore quite important for the insurance-shopper to be able to answer the question: Can I transfer no-claims discounts from one insurer to another?As with many insurance-related issues, the answer will depend on several factors. The most obvious of these is the new insurance company’s policy regarding its willingness to accept the customer history that a potential insurance buyer has built with another company. When shopping for insurance, the buyer should inquire as to whether this is the case, and if so, how the history can be transferred so as to earn a no-claims discount with the new insurance company.Even if the new company will not accept a transfer of customer history from another insurance provider, it still may be willing to offer a no-claims discount if the buyer can prove he or she has never had to file a claim.