Whats not included in a Risk Assessment Indicator?
Risk Assessment Indicators do not use the following information: • Ethnic group • Marital Status • Religion • Nationality • Age • Familial Status • Income • Disability • Gender • Address Who at Farmers has access to my credit information? We believe in your right to privacy. Your agent and members of the agency staff do not have access to your credit file. You can, however, obtain a copy of your credit report from the consumer reporting agency that provided the information used to calculate your Risk Assessment Indicator. Why does Farmers use Risk Assessment Indicators? Industry experts have proven that a strong correlation exists between credit history and insurance risk. Because credit history is a fair and accurate way to predict probability of future loss, Farmers Risk Assessment Indicator uses credit data to determine discount availability for applicants and customers. Please keep in mind that this is only one of several factors used in determining your premium. Can I improve my i
• Ethnic group • Marital Status • Religion • Nationality • Age • Familial Status • Income • Disability • Gender • Address Who at Farmers has access to my credit information? We believe in your right to privacy. Your agent and members of the agency staff do not have access to your credit file. You can, however, obtain a copy of your credit report from the consumer reporting agency that provided the information used to calculate your Risk Assessment Indicator. Why does Farmers use Risk Assessment Indicators? Industry experts have proven that a strong correlation exists between credit history and insurance risk. Because credit history is generally accepted to be a fair and accurate way to predict probability of future loss, Farmers Risk Assessment Indicator uses credit data to determine discount availability for applicants and customers. Please keep in mind that this is only one of several factors used in determining your premium. Can I improve my RAI and, if so, how? You can improve your
How Can I Find Out My Risk Assessment Indicator? Farmers understands that your privacy is important to you. While your Farmers Agent can tell you what your indicator is, no one at Farmers, including your agent or any member of your agent’s staff, has access to actual credit history file. Your credit report is available from the credit bureau that provides the information used to develop your Risk Assessment Indicator. Can I Improve My Indicator and, if so, How? You may be able to improve your indicator over time by using credit responsibly. A Risk Assessment Indicator is a snapshot of your insurance risk picture based on information in your credit report that reflects your credit payment patterns over time, with more emphasis on recent information.
Related Questions
- Whats not included in a Risk Assessment Indicator? Risk Assessment Indicators do not use the following information: Ethnic group Marital Status Religion Nationality Age Familial Status Income Disability Gender Address Can I improve my indicator and, if so, how?
- Whats not included in a Risk Assessment Indicator?
- What’s not included in a Risk Assessment Indicator?
