Quote:
Originally Posted by dewilson58
Yes there is an insurance score, however it is not derived by your credit score. Technically, insurance score does not use the credit score number.
Thanks for the definition example.
|
Oh geez. LOL. You'll really dig deep to prove your point. Insurance SCORE is partly based on CREDIT RATING. Good credit RATING = higher credit score ergo higher credit score affects insurance rates. You're parsing words to make the same point look different than 3 other people but you're still agreeing.
What Is an Insurance Score?
An insurance score, also known as an insurance credit score, is a rating computed and used by insurance companies that represents the probability of an individual filing an
insurance claim while under coverage.
The score is based on the individual’s credit rating and will affect the premiums they pay for the coverage. A higher score will result in lower premiums and vice versa.