Business Studies

If you have not made any claim on your vehicle insurance for the previous year, then you are eligible for a ______.


ANSWER

No-Claim Bonus


SOLUTION
If you have not made any claim on your vehicle insurance for the previous year, then you are eligible for a no-claim bonus. For each claim-free year, no-claim bonus can be earned. No-claim bonus can be described as a discount offered on own damage premium for not claiming the insurance during the policy period.
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