How Your Credit Score Can Affect Your Homeowners Insurance

In Pennsylvania, a drop in your credit score could result in non-renewal of your homeowners policy or result in a dramatic increase in your premiums. Insurance companies have determined that there is a connection between credit worthiness and the number of insurance claims a homeowner makes. They believe, the better the credit, the fewer insurance claims are made.

Obtain a free copy of your credit report at www.annualcreditreport.com and examine your credit report for any inaccurate information. If there are inaccuracies, be sure to advise your insurance company. Then once you resolve the problem(s), ask your homeowner insurance company to re-rate you.

Call the state department of insurance to locate smaller insurers, who may provide you with insurance, if you are unable to repair your credit.

Feldman Law Offices offers professional legal representation in Real Estate issues, including commercial and residential properties, divorce and bankruptcy proceedings.

Feldman Law Offices PC

610-530-9285
SE HABLA ESPAÑOL
Let us help you!

Conveniently located in Allentown, PA. Serving the Greater Lehigh Valley area. Please note: The hiring of an attorney is an important decision that should not be based solely on advertisements. Further, prior results do not guarantee a similar outcome. The laws change. Each case is different. This blog and website is designed for general information only. The information presented on this site is neither formal legal advice nor the formation of a lawyer/client relationship.