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What does credit history have to do with insurance?

Credit history Insurance
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What does credit history have to do with insurance?

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Most insurers now use insurance scoring as one factor in underwriting or pricing their policies, to the extent allowed by the state insurance departments. Insurance scoring is based on credit history but is different from credit scoring. Insurers have determined that certain elements of a customer’s credit history are strong predictors of whether the customer will have a loss.

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