In some insurance companies, underwriters have long used credit records in cases where additional information was needed.
Keep a good credit ratingMany insurance companies use your credit rating to determine whether to insure you and how much to charge.
Whether we like it or not, society equates the ability to manage credit responsibly with responsible behavior, even if individuals have a bad credit record through no fault of their own.
The use of credit-related information in underwriting and rating for many insurers has become routine. Insurers use insurance scores to different extents and in different ways. Most use them to screen new applicants for insurance and price new business.
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