ChoicePoint® Attract™ Homeowner Insurance Score   Your score of 800 is based upon your Equifax™ Credit Report as of November 5, 2003. Scores range between under 500 and 997 Higher scores are considered better scores. If an insurance company evaluated you solely on your insurance score, you would be considered a GOOD risk. Reference #: 2818003907 For questions about your score please visit Customer Support and include your reference number.     WHAT YOUR SCORE MEANS   Your score of 800 places you in the 79th percentile of consumers throughout the nation. If an insurance company evaluated you solely on your insurance score, you would be considered a GOOD risk. Because insurance companies use your insurance score with other underwriting guidelines (i.e. motor vehicle records, claims loss history), your risk level could change. For example, if you are considered a good risk but have a poor driving record and claims history, your ranking could be lowered. It is important to know your insurance score because it is a determining factor in your home insurance. It is important to understand how your score is determined so you can improve your score over time. Score 800   Graph shows the percentage of consumers who would receive a lower insurance score than yours. The maximum insurance score is 997.       FACTORS AFFECTING YOUR SCORE   Your ChoicePoint Attract™ Homeowner Insurance Score is based on the information on your Equifax™ credit history. Knowing your insurance score and understanding the key factors affecting your score is important. The key factors will help you understand how you can improve or maintain your insurance score over time. The key factors in influencing your score are: 0101 Number of Derogatory Public Record Items...more info 0170 Percent of Balance to High Credit on Accounts...more info       HOW INSURANCE SCORES ARE USED   Insurance companies use financial history along with other factors to properly classify you according to your potential risk. Studies have shown a correlation between a consumer's financial history and his/her future insurance loss potential. Thus, insurance companies believe the use of credit helps to underwrite an applicant at a cost that reflects their specific risk. Each insurer develops underwriting decisions based on their own business requirements. Insurance companies evaluate credit reports and/or insurance scores according to their own proprietary strategies. Other information is frequently used to underwrite your insurance and determine your premiums, such as: Application data Prior loss data Motor vehicle records Your score of 800 places you in the GOOD risk category. Important Note: The ChoicePoint Attract insurance score that you have received was generated using ChoicePoint's proprietary model. The score used by your insurance company may differ if it is generated using a different scoring model.   Reference #: 2818003907

 

This information is designed to provide accurate and authoritative information in regard to the subject matter covered. It is given with the understanding that the author is not engaged in rendering legal service. If legal advice or other expert assistance is required, the services of a competent legal person should be sought.