Protected NCB – Going on cover (NB/TNB and Renewals) - Agent
“As confirmed with you, you currently have X years No Claims Bonus, this equates to XX% discount with XX Insurance Ltd. Protected No Claims Discount with this insurer means that if you have X claims in any X period which would adversely affect your discount then the No Claims Discount will be reduced. Details of the step back scale will be enclosed with your documents.
No claims bonus protection does not protect the overall price of your insurance policy. The price of your insurance may increase following an accident even if you were not at fault.
The cost of protecting your bonus this year is £XX.XX." (Check workings or NPI frame for this).