Shockley Insurance SolutionsAuto InsuranceUpdated on Apr 16, 2012 View more like this | Visit SANTA CRUZ, CA | Contact Astonish Kickstart |
company address:
519 Seabright Ave
Santa Cruz, CA 95062
Ph: 831-600-8755
Fx: 888-809-3274
519 Seabright Ave
Santa Cruz, CA 95062
Ph: 831-600-8755
Fx: 888-809-3274
Shockley Insurance Solutions
519 Seabright Ave Santa Cruz, CA 95062 Santa Cruz, CA
Homeowners’ Insurance and Your Credit Score
Your credit score affects nearly every major purchase you make. Not only can it determine whether credit is extended, but also how much interest you are charged. Homeowners’ insurance is no exception. Your score is analyzed during underwriting and factors into whether a company decides to issue you a new policy or not.
This information also helps determine the price to charge you for insurance by assigning you to a specific rating level or tier. Your credit score is computed by a mathematical formula, which assigns values to many different factors, and then summarizes your credit information, usually into a three-digit numeral.
It is in your best interest to keep this credit score number high because many insurers believe that those with lower scores are more likely to file claims. In many cases, insurance companies combine credit information along with other rating variables, such as your claims history. However, you need to keep in mind that there are insurers out there that use credit alone to factor your rate. Clearly, your credit score can either help or hinder you in many ways.
If you have more questions about how your credit score can affect your insurance, or you’re looking for a competitive price on homeowners’ insurance, contact a customer service representative today.
Your credit score affects nearly every major purchase you make. Not only can it determine whether credit is extended, but also how much interest you are charged. Homeowners’ insurance is no exception. Your score is analyzed during underwriting and factors into whether a company decides to issue you a new policy or not.
This information also helps determine the price to charge you for insurance by assigning you to a specific rating level or tier. Your credit score is computed by a mathematical formula, which assigns values to many different factors, and then summarizes your credit information, usually into a three-digit numeral.
It is in your best interest to keep this credit score number high because many insurers believe that those with lower scores are more likely to file claims. In many cases, insurance companies combine credit information along with other rating variables, such as your claims history. However, you need to keep in mind that there are insurers out there that use credit alone to factor your rate. Clearly, your credit score can either help or hinder you in many ways.
If you have more questions about how your credit score can affect your insurance, or you’re looking for a competitive price on homeowners’ insurance, contact a customer service representative today.
