Feb 22, 2023, 9:52 AM
Bad credit impacts your credit-based insurance score, which may have an effect on homeowners insurance options. A credit-based insurance score is a number derived from a company-specific algorithm. The algorithm analyzes credit history to predict future claims. Insurers have identified a statistical relationship between credit and claims. Those with good credit tend to have fewer claims and pay less for insurance. Click on the link to learn more.