Insurance score

Insurance score,

Definition of Insurance score:

  1. An insurance score is a key component in determining the total premium that an individual pays for health, homeowners, auto, and life insurance policies. Insurance companies determine an individual’s score, in part, by using property claim databases like the Automated Property Loss Underwriting System (A-PLUS) and the Comprehensive Loss Underwriting Exchange (CLUE). .

  2. An insurance score, also known as an insurance credit score, is a rating computed and used by insurance companies that represents the probability of an individual filing an insurance claim while under coverage. The score is based on the individual’s credit rating and will affect the premiums they pay for the coverage. Low scores reflect higher risk, so a high score will result in lower insurance premiums. Conversely, a low score will result in higher premiums.

  3. The method insurance companies use to determine the risk of someone filing a claim. An individual credit score determines an insurance score because there is a link between poor credit and an insurance claim. A person with a higher insurance score has a lower premium than one with a low score.

How to use Insurance score in a sentence?

  1. Scores range between 200 and 997, with low scores reflecting higher risks.
  2. The insurance score is one of the primary determinants in how much monthly insurance premium the consumer will be assessed.
  3. What constitutes a good score varies for different types of insurance and rating companies.
  4. An insurance score is a credit rating used by insurance companies to assess a potential insured consumer's level of risk.

Meaning of Insurance score & Insurance score Definition

INSURANCE SCORE,

INSURANCE SCORE Meanings:

  • A simple definition of INSURANCE SCORE is: The insurance score is a confidential rating based on credit information. This includes whether the consumer repaid the loan on time, the number of open credit card accounts, and whether bankruptcy was filed. Insurance scores are a measure of how consumers bounce their financial business, not their financial assets. It does not include income or race information.

  • A number that represents a combination of factors that can help determine how a person suffers.

  • Privacy classification, which in some states is used as a classification tool for handwriting. It may contain information about the user's payment date, number of accounts opened, and whether the user has filed for bankruptcy. It is a measure of how financial matters are handled and does not include information on wealth, income or race.

  • INSURANCE SCORE refers to Used in the writing process in some states. An individual's insurance score is usually part of a person's credit history.

Literal Meanings of INSURANCE SCORE

INSURANCE:

Meanings of INSURANCE:
  1. The process or arrangement under which a company or government agency guarantees compensation for certain losses, injuries, illness or death in exchange for premium payments.

  2. Anything that provides protection against possible emergencies.

Sentences of INSURANCE
  1. Adherence to high standards of personal conduct is the best protection against personal problems.

Synonyms of INSURANCE

provision, financial protection, safeguard, cover, surety, shelter, protection, security, immunity, indemnification, precaution, defence, preventive measure, indemnity, safety measure

SCORE:

Meanings of SCORE:
  1. To win in a competitive game (one point, one goal, one race, etc.).

  2. Usually an orchestra or arrangement (a piece of music) for one or more specific instruments.

  3. Cutting or scratching marks or lines on (surface)

  4. Test (experimentally treated cells, bacterial colonies, etc.) and record numbers that show some features.

  5. Number of points, goals, points, etc. Won in a game or by team or individual.

  6. A group or a group of twenty or twenty.

  7. A written representation of a musical composition in which all the vocal and instrumental parts are arranged under each other.

  8. Surface marks, cuts or scratches.

Sentences of SCORE
  1. Penn State scored twice in the fourth period

  2. Quartet Suite written for flute, violin, viola da gamba and bass sequel

  3. Mark the map until it is cropped

  4. The goal is to score from fifty to one hundred mitotic cells

  5. The final result is 25-16 in favor of Washington

  6. About twenty people lost their lives in the war

  7. Ideally, you'll want to translate the sound of the samples and some extra notes for the CD, so you can follow the explanation more closely.

Synonyms of SCORE

incision, notch, make a grooves in, scratch, make a notches in, gain, attain, result, achieve, adapt, get, make, groove, set, scrape, orchestrate, arrange, chip, slit, snick, gash, make a groove in, incise, win, make a notch in, gouge, chalk up, nick