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Insurance Terms | A Wisdom Archive on Insurance Terms |  | Insurance Terms A selection of articles related to Insurance Terms |  |
| We recommend this article: Insurance Terms - 1, and also this: Insurance Terms - 2. |
 | | Insurance Terms |  | | | Top | » Page 4 « Page 5 Page 6 Page 7 Page 8 More » |  |
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| ARTICLES RELATED TO Insurance Terms | | | | | | | | | | | | | |  |  |  | Insurance Terms:
Insurance Glossary Dictionary IV - CREDIT SCORE
Definition
and meaning of
CREDIT SCORE :
CREDIT SCORE: The number produced by an analysis of an individualÕs credit history. The use of credit information affects all consumers in many ways, including getting a job, finding a place to live, securing a loan, getting telephone service and buying insurance. Credit history is routinely reviewed by insurers before issuing a commercial policy because businesses in poor financial condition tend to cut back on safety, which can lead to more accidents and more claims. Auto and home insurers may use information in a credit history to produce an insurance score. Insurance scores may be used in underwriting and rating insurance policies. (See Insurance score)
(Source: Insurance Information Institute
)
Also see these pages: CREDIT SCORE , Insurance, Insurance Sitemap,
Insurance
Dictionary - C
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Insurance Glossary Dictionary IV - FLOOD INSURANCE
Definition
and meaning of
FLOOD INSURANCE :
FLOOD INSURANCE: Coverage for flood damage is available from the federal government under the National Flood Insurance Program but is sold by licensed insurance agents. Flood coverage is excluded under homeowners policies and many commercial property policies. However, flood damage is covered under the comprehensive portion of an auto insurance policy. (See Adverse selection)
(Source: Insurance Information Institute
)
Also see these pages: FLOOD INSURANCE , Insurance, Insurance Sitemap,
Insurance
Dictionary - F
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