Qualify for Lower Homeowner Insurance Rates
If lower auto and homeowner’s insurance rates interest you, then you may want to focus on paying your bills on time. You may be asking yourself, what does one have to do with the other?
Its a little known fact that insurers use credit scores, that we typically associate with good mortgage rates to assess one’s risk of filing a claim. The idea is that if you can manage your personal finances well, you should be able to do the same thing with a car and home. But, don’t assume that if your FICO score is high that you will automatically qualify for lower insurance rates. Insurers interpret your data using their own unique risk models, so the numbers they apply to you may differ from the one your mortgage lender uses. Secondly, insurers rely on credit scores to varying degrees, so the amount of the discount will differ from company to company.
For more information, contact MillionSaverHomes.com a local Las Vegas real estate broker at 702.212.3513.
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