By fern_ins | June 11, 2015 at 02:03 PM EDT |
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Insurance score can effect the price you get for Home Insurance.
As the attached article mentions, MA is one of 3 states where it is illegal for companies to use credit score to price Auto Insurance. What that article doesn't tell you is, MA insurance carriers are able to run what is called an Insurance Score for Homeowners pricing.
Your insurance score is a combination of credit and insurance claim data used to determine eligibility for preferred rates or credits. As good credit can result in savings, credit problems or claims frequency can lead to higher rates and possibly a declination of coverage.
If you would like to find out more please contact your local independent insurance agent.
