ST Alpha - "so far they are applying this factor to home and mobile home - so property policies - it's a direct factor for that policy - BUT

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In response to "So to be clear....it's the payment on time of insurance premiums or all bills?" by Pippy

so far they are applying this factor to home and mobile home - so property policies - it's a direct factor for that policy - BUT -

Posted by JenBro Jul 1 '14, 06:34

most States have now approved "insurance scoring" as part of the rate determination on ALL policies ... and it's been around for probably 10 years now and it KILLS me how many prospects call in and when I ask them - they have NO CLUE about the insurance score factor and their agent hasn't discussed it with them.

It's like the BIG SECRET - and lots of people don't read the fine print on their policies.

I'm linking an article that talks about it ... but if you have never been asked about it - and you have good credit - I'd recommend calling your agent and seeing if you can get a better rate by giving them your social security number to re-run the score and pull all that good financial data into the matrix that makes up the potential discount.

this does a pretty fair job of explaining "insurance score" and the tie to your credit score (www.creditkarma.com)

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also - paying a quarter for reading the comments - but this guy hit a point that I think is a valid factor to watch out for ... - JenBro Jul 1, 06:51 1
- Thank you for both of these. It's fascinating stuff -- nm - Pippy Jul 1, 07:09

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so far they are applying this factor to home and mobile home - so property policies - it's a direct factor for that policy - BUT -

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