Credit-Based Insurance Scores What Consumers Need to Know
- Topics:
- Insurance
- Source:
- American Insurance Association
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Overview: This paper explains the need for insurance scoring. An insurance score uses information from your credit report to predict how often you are likely to file claims, and/or how expensive those claims will be. Studies have proven that credit characteristics are predictive of certain outcomes, such as insurance loss. The way you handle your credit says a lot about how responsible you are. Insurance companies want to reward responsible people by offering them better insurance products and by charging them more accurate rates. That's why insurance scores are so useful.
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Format: PDF | Size: 242KB | Date: Aug 2004 | Pages: 6
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