Apparently they've stopped the credit score from being used by insurance companies to
set home insurance premiums.
Not exact matches
Insurance companies may
set premiums according to consumer credit scores, so
home and auto coverage could cost more with a poor credit rating.
→ Mortgage
set - up costs (which can include a mortgage - related appraisal, as well as mortgage default
insurance premiums if you're putting down less than 20 % on the
home)
HUD
set new safeguards for consumers, including higher mortgage
insurance premiums for borrowing more than 60 percent of a
home's value.
While credit is only one rating factor, about 85 % of
home insurance providers use it when
setting premiums for coverage.
Homes located significant distances away from fire hydrants and fire halls are likely to have higher
home insurance premiums as it will take emergency personnel longer to get to your
home in the event of a fire, and
set up to fight the fire.
The
insurance company
sets the final
premium for car or
home insurance.
If you are a senior citizen getting
set for retirement, your Concord renters
insurance premium covering your condominium or senior living
home is money well spent.
If you
set up your
home insurance payment by automatic EFT, or electronic funds transfer, you may be able to save money on your
premiums.
Average
home insurance differs a great deal from one
home to the next, because the coverage is based on the size of the
home, and your
premiums are at least partially
set according to your own credit score.