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Norwich Union's Nu-Way scheme
Page 30
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• On October 1 Norwich Union s introducing improved terms for commercial vehicle insurance. Under a new three-point plan policyholders, it is claimed, will benefit from wider cover, quicker service and, in many cases, lower premiums. The policy will include, at no extra charge: legal liability to passengers; costs of up to £250 for defending a charge of manslaughter, or reckless or dangerous driving causing death (drivers over 21 only); liability for damage to third parties' property, up to £100,000 (including damage to roads and bridges); legal liability of passengers for their own negligent actions; liability arising from a trailer attached to an insueed vehicle.
The no claim discount scale for goods vehicles, coaches and contractor's plant has been improved as follows: 10 per cent after one claim-free year; 20 per cent after two consecutive years; 30 per cent after three or more consecutive years.
Premiums for many goods vehicles have been reduced. For example a man with a 12-tonner based in London, using the vehicle for long distance haulage for hire or reward, pays £188 8s for comprehensive insurance, with passenger risk and three years' no claim discount. In future his premium will be reduced to £147.
For brokers participating in the Nu-Way Scheme the Norwich Union now offers the same 24-hour turn-round on goods vehicle policies as already operated for private car business.
Further information may be had from Colin Page, Norwich Union Insurance Group, PO Box 4, Norwich, NOR 88A. Telephone Norwich 22200.