Impact of credit score on home insurance

Yes, credit score can impact your home insurance policy. We often use credit-based insurance scores as one of the factors in determining premiums and eligibility for coverage. Credit-based insurance scores are calculated using information from your credit report, such as payment history, outstanding debt, length of credit history, and new credit applications.To mitigate the impact of credit score on your home insurance policy, it’s advisable to maintain a good credit history. This includes paying bills on time, keeping credit card balances low, and avoiding excessive new credit applications. Regularly reviewing your credit report for errors and disputing any inaccuracies can also help improve your credit score