Funny about scores. Insurers use them differently. Some insurers attach the score to the property. Others will attach it to the owner. It is a good question to aske when shopping for insurnace. especaially if you have put in a claim or if you want to find out if the previous occupant put in a claim on the property you are buying.
And no I am not naive about insurance. In fact I am very knowledgeable on this area. I also know that insurance is a promise that is sold. You don’t go building and retaining customers by not paying claims.
Additionally, people don’t buy newspapers when it says thousand of claims paid successfully. They sell when the Front cover has an orphan child with his puppy in his lap and a woman stating they are homeless becaue of the insurance company. Whay they leave out is the fact that they did not pay their premium for the last 3 years.
For a better idea of good insurance companies and how they rate I suggest using AM BEst, Consumer Reports, and JD powers. Might be able to get a nbetter idea of how well a company deals with crisis.
