Meaning Of The Word No-claims bonus

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No-claims bonus Meaning

No-claims bonus Definition
No-claims bonus Definition

What's The Definition Of No-claims bonus?

no claims bonus
A no claims bonus is a reduction in the money that you have to pay for an insurance policy, which you get when you have not made any claims in the previous year.
noun: a reduction on an insurance premium, esp one covering a motor vehicle, if no claims have been made within a specified period

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