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Do all insurance companies use credit for underwriting and rating criteria?

April 26, 2017companies credit criteria Insurance rating Underwriting

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Do all insurance companies use credit for underwriting and rating criteria?

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• Why do insurance companies use credit as criteria for calculating premium and underwriting an auto insurance policy? • My house is not in a flood zone. Why should I worry about flood insurance? • My home was recently burglarized and $1,000 worth of my personal property was stolen. I filed a claim with my insurance company and received a settlement of only $350. When I questioned the company on the discrepancy, they told me that my claim was paid on an actual cash value basis. What does this mean? • How can I lower my Auto Insurance premium?