 TITLE: Do Home Insurance Companies Check Your Credit? CONTENT: What Is a Credit-Based Insurance Score?\n---------------------------------------\nA credit-based insurance score is similar to the traditional consumer credit score in that it provides a snapshot of your financial history. But rather than helping lenders assess your likelihood of repaying a loan or line of credit, it helps insurers determine your likelihood of filing an insurance claim. The better your CBI score, the more likely you'll get lower insurance premiums and rates.\nThere are several companies that create these scores, and the formulas they use to calculate the scores differ. Despite this variance, they are all intended to help the insurance company assess the risk when someone applies for coverage. END