by Chris Bantly » Tue May 12, 2009 06:28 pm
I had a client call me and say that her insurance is very expensive because she is in the process of dealing with the aftermath of a bankruptcy (her soon to be ex-husband declared it causing her some trouble as well).
I am very familiar with the practice of higher premiums from Homeowner's and Auto Insurance...and I understand the reasoning. I was not aware that health insurance companies looked at credit as well. Is she mistaken? Or does anybody know that a health insurance company can raise premiums due to poor credit?
I am very familiar with the practice of higher premiums from Homeowner's and Auto Insurance...and I understand the reasoning. I was not aware that health insurance companies looked at credit as well. Is she mistaken? Or does anybody know that a health insurance company can raise premiums due to poor credit?
Posted: Fri Jul 03, 2009 09:46 am Post Subject:
With P&C, in many states, credit does impact premium. For auto insurance, there is a correlation between claims and credit scores.
Posted: Thu Aug 06, 2009 05:55 am Post Subject:
Never heard of that practice here in California.
(for traditional health insurance)
Posted: Mon Sep 07, 2009 11:26 am Post Subject:
I understand this kind of things, insurance company wanna get steadly preminum. And for ourself we should notice,
The first step is to decide that how much insurance is needed. We can know this ourselves or take help of an insurance expert having full knowledge of insurance policies and procedures. We can also follow self-help books & software programs to find out our insurance needs.
The second step, what kind of insurance policy we want; and what type of health insurance we need.
Then we can choose the amount of premium, if we have money or earning problem we can disscuss with the agent.
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