Insurance companies consider many factors when calculating home insurance quotes. One of these factors is your credit score, via your insurance score. By improving your credit score, you may be able to increase your insurance score and qualify for a lower home insurance quote. Here’s why.
Most Insurance Companies Use Insurance Scores
Between 85 and 90 percent of insurers consider insurance scores, which are derived from credit scores. In California, Maryland and Massachusetts, insurance companies aren’t allowed to consider credit scores, and by extension insurance scores, when calculating premiums.…
After an accident, the repair bills and medical costs add up quickly. You need the insurance company to come through with a payment, but you may not be in a hurry to add attorney’s fees to your already mounting pile of bills. And sometimes, it’s not necessary to hire an attorney. If your case is very straightforward and the question of fault is cut and dry, you may be able to simply write a demand letter to your insurance company yourself, asking for the payment that you’re entitled to.…
If you’ve recently completed the terms of your plea agreement or criminal sentence following a DUI, you may be looking forward to getting back to a normal life – including regaining your driving privileges. However, if your insurance was dropped or suspended after your DUI conviction, you may be concerned that an inability to obtain coverage could keep you taking public transportation or arranging for rides from friends for a while longer.…
