The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

NO CLAIMS BONUS Definition & Legal Meaning

Definition & Citations:

Insurance premium allowed discounted or reduced on auto accident policies. As high as 60 percent of premium. It is awarded on the basis that no claims by the policy holder or by a third party occurred against the policy in the previous cover period. No claim bonus is not a ‘no blame’ bonus. It is denied regardless of fault or claim size.


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