Be aware of changes to NIG's minimum windscreen excess
Authored by NIG
The cost of replacing a windscreen, especially on newer vehicles, is rising rapidly and, as average claim costs increase, we’re making some changes to our minimum excesses for our Fleet and Motor Trade Policies.
We’re always looking for ways to ensure we’re providing the best service to our customers and brokers, and we will continue to review windscreen costs moving forwards. We may look to increase excesses for specific outlying vehicles to avoid further increases across the board for both premiums and excesses.
Please see below for details of the specific changes being introduced from next month.
Fleet & MiniFleet
Our minimum excess for windscreen replacement will be increasing to £150 or £250 if the policyholder does not use one of our approved windscreen replacement companies.
Motor Trade
Where unlimited windscreen cover is provided, the minimum excess for windscreen losses will increase to £150.
This increase will be limited to £75 where our maximum amount payable is limited to £250.
Keeping policyholders updated
A Notification to Policyholder will be produced for applicable renewals.
About NIG
We’ve been experts in commercial insurance for 125 years.
The National Insurance and Guarantee Corporation (NIG) is a broker only insurer; we believe in getting to know both the brokers we work with and their clients’ businesses, building trusted partnerships that last for the long-term. Our highly experienced underwriting team are focused on working with brokers to identify and understand the risks faced by UK enterprises. Together, with our risk control experts and risk management tools we develop solutions to help UK enterprises reduce and mitigate key exposures. We offer a wide range of products with flexibility to create tailored insurance cover and when clients need us, claims are dealt with quickly and fairly through a proactive claims approach.
Our trading model has been designed to reflect the differing requirements of how brokers like to trade, with regional offices, National Trading Centre, National Schemes Centre, eTrade Centre of Excellence and dedicated experts for specialist sectors.
We’re investing in new technology to make us even easier to trade with. We’re launching an online risk management resource supported by our in-house Risk Control Team and introduced online claims submissions to speed up the claims process, minimising disruption to clients’ businesses. We are also the only insurer two years running with a five-star rating for both TheHub and Software Houses, in the Insurance Times 2019 and 2020 eTrade survey.
We are dedicated to making UK enterprises more resilient.
NIG is a wholly owned subsidiary of Direct Line Insurance Group plc, providing stability and financial strength. Our policies are underwritten by U K Insurance Limited.