How is your credit used when looking for new insurance? Who sees your credit report? Does looking for insurance affect your FICO score? How does your credit score affect your premium? Why is your credit even a consideration?
 

Your insurance score is a snapshot of your specific 'insurance risk' at a particular point in time - but it is important to know that it is not the same thing as your credit (FICO) score, although they are similar in nature. As a standard underwriting consideration, an 'insurance score' is a rating used by insurance companies to assist in determining insurance premiums and which is made up of several factors, just one of which is your FICO score (which is why you and all other members of the policy are often required to provide a social security number when requesting a new insurance quote).READ MORE 

We are working with some of the nations leading insurance companies to create the nation's first and only Errors and Omissions policy for hard-money lenders. We need YOUR professional input to gather information regarding what coverage and deductible options YOU want so that we can continue developing this policy for release in the near future.

Please take our brief 10-question survey here and give us your feedback and comments so that we can make sure we develop this coverage the way you need it for your investing and HM business!