Does Credit Rating Affect Homeowners Insurance?

  1. 14231 POINTS
    Tom Sheehan
    Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
    Yes it can.  Many Homeowners Insurance Providers these days include your credit among other underwriting elements in order to determine the rate they offer you for Homeowners' Insurance.  Other factors include loss history, usually within the past three years, where the house is situated with respect to fire hydrants and responding fire departments and whether or not you have a central alarm system in your home.  Many companies offer very nice discounts if also insure your car with them and others also offer an additional discount for Life insurance.  So be sure to ask about any "bundling" offers your company may have.
    Answered on July 31, 2013
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