You credit score affects your homeowner’s insurance

You might have heard that remodeling, location and safety devices affect the premium of your home insurance. But, did you know that your credit score also decides how much you are going to pay in the form of premium? A lot of home insurance companies from Weston, Florida also consider this factor.

When assessing the individual risk, most of the insurers rely on statistics. These insurers have observed that policyholders who firm more claims are mostly the ones with lower credit scores. This is what Federal Trade Commission also reported in one of their study.

There are various factors that have a positive impact on credit-based score, such as low credit usage, no late payments, multiple credit and bank accounts in good standing, etc. Similarly, there are also factors that affect credit-based score. Some of these factors include multiple applications for credit, multiple past-due accounts, bank/credit accounts in collections, and high use of available credit.

If you are seeking the steps for improvement, you can begin by having information of credit health. Check the credit report after four-six months.  What else you can do is limit the hard inquiries into your credit, especially till the score can handle them. It is also wise to keep the debt levels low. You must also pay the household bills on a timely basis.

Your insurance advisor can also suggest how to keep the credit score. If you are searching homeowners insurance in Parkland, Florida, connect with us for the same. Learn more about our home insurance solutions: floridainsmarketers.com. 

How To Increase Home Insurance Savings

What if we told you that smoking is bad? We know that you know about its detrimental effects on health. But, do you know that it is also bad when it comes to homeowners insurance. A lot of insurers consider smoking at home as a risk, as it often result in fires. Therefore, by quitting smoking, you can save both your health and your premium. With options like vaping, it is not a difficult task anymore. You can also connect with a trusted homeowner’s insurance provider from Weston, Florida to know how to get the discounts.

If you are planning to remodel your home, security and safety should be your top priority. Apart from reducing the possibilities of vandalism and theft, such practices play a crucial role in getting discounts from the insurer. Well, you need to inquire with your insurer regarding the same, as most of them won’t offer it on their own.

When you plan to pay premiums monthly, the charges like administration fees or financing are also incurred on you. Save such additional fees by paying premiums in advance.

It should come as no brainer that comparing insurance quotes enables you to choose the plan with best prices. Take out few minutes to check the policies from different sources. There are also provisions of getting quotes online if you feel that calling or visiting the insurers is irritating.

For those searching homeowners insurance in Davie, Florida, connect with Florida Insurance Marketers. Get more details from here: floridainsmarketers.com.