Amazing Adviser

 When to Hold Back on Car Insurance Claims: Navigating NCB and Deductibles As heavy rains and flooding wreak havoc across multiple parts of North India, car owners find themselves in the common predicament of whether or not to file an insurance claim for car damage. While insurance offers a safety net for unexpected expenses, it's essential to exercise caution when considering claims for minor damages. This article explores the factors to consider before making an insurance claim for car repairs and highlights the importance of No-Claim Bonus (NCB) and deductibles. The NCB Dilemma: Balancing Savings and Claims One of the critical considerations when debating whether to file an insurance claim is the potential loss of the No-Claim Bonus. The NCB is a discount on the insurance premium rewarded to policyholders who don't make any claims in a policy year. It's a substantial incentive that can range from 20% to 50% of the own damage premium, part of the overall insurance premium