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why does my car insurance company want to check my credit rating if I want to purchase renters insurance?
Question: why does my car insurance company want to check my credit rating if I want to purchase renters insurance?
I have been with this company for over 20 years!
(renters insurance rates)
Best answer:
Answer by vtori W
isn’t it crazy, I want to open a bank account to put my money into their bank and they wanted to do a credit check on me!!! I find it all so very invasive. I found another bank. Maybe it’s time to find another insurance company.
This entry was posted by admin on August 30, 2010 at 3:50 am, and is filed under Travel Insurance. Follow any responses to this post through RSS 2.0.You can leave a response or trackback from your own site.
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#2 written by kta kta 1 year ago
It gives the company a better idea of the character of the person. If you don’t pay your lenders back it shows that you are less responsible overall. I’m sure there are other reasons as well such as- wanting to know if you’re going to make your insurance payments on time, will you lie about what items you own, who lives in the dwelling, etc.
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Gypsy,
Even though you have had an account with this company for over 20 years, the nature of business is to ensure that they make a profit. They want to see how you pay your bills to see if you will pay theirs on time. Its not personal, just a pain in the a s s !