santa cruz real estate: Good Credit Scores = Lower Homeowner Insurance Premiums (Santa Cruz)
- 01/11/14 07:22 AM
Did you know that the lender is not the only one who looks at your credit score when buying a home? Unless you have recently purchased a home or refinanced the home you are currently living in, you may not be aware that insurance companies are now looking at credit scores. Insurance companies have learned that a person’s credit history is an accurate predictor of risk. According to Insurance Information Institute actuarial studies have shown that people with a low credit score are more likely to file a claim. Since insurance companies base their premiums according to the risk they are assuming, (0 comments)