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Excesses and Discounts
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No Claim Discount
The less you claim the more you could save.
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A No Claim Discount is available only on Cover Plus policies. If you have both Cover Plus buildings and contents
policies, each No Claim Discount will be treated separately. This means that, if you claimed on one policy, any
No Claim Discount on the other policy remains unaffected. Please note that should you upgrade to Cover Plus at
any time during your policy year, you will start to earn the No Claim Discount from your next renewal date.
As the first table below shows, if you do not make a claim on your Cover Plus insurance for the first 12 months you
will receive a discount on your premium of 5% at your first renewal. A second year with no claim will increase this
discount further to 10%.
If you do make a claim, you will lose all your No Claim Discount. However, the No Claim Discount can be built up
again in future years.
The second table shows the effect of making a claim when you do not have a No Claim Discount. This could lead to
an increase in your premium, although future claim-free years will enable you to build up a No Claim Discount at
succeeding renewals. If you would like to know more about the No Claim Discount and how it may help you to reduce
your future premiums, please call us free on 0845 366 1607.
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The cost of making a claim
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A standard excess will be applied if you have to make a claim. The excess is the amount you contribute towards the
cost of the claim.
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A choice of excesses
An "excess" is the amount that you must pay towards any claim you make. The higher the excess you choose at
the outset, the larger the discount you receive on your insurance premium.
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Saga Services Limited is authorised and regulated by the Financial Services Authority.
Saga Home Insurance is underwritten by London and Edinburgh Insurance
Company Limited. Authorised and regulated by the Financial Services Authority.
Saga Services Limited is a wholly owned subsidiary of Saga Group Limited.
Registered in England and Wales (Company No: 732602) Registered Office: The Saga Building, Enbrook Park, Folkestone, Kent, CT20 3SE. |
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