Social Media Preheader Home Page Get a Quote Refer A Friend Schedule an Appointment Claims Facebook Twitter LinkedIn Instagram Youtube
  • Home
  • Get A Quote
    • Annuities
    • AutomobileImage of right arrow
      • Auto Insurance Quote
      • Mexico Travel Insurance Quote
    • Bonds
    • Business & CommercialImage of right arrow
      • Builders Risk
      • Business Owners (BOP) Quote Form
      • Commercial Auto Insurance Quote
      • General Liability Quote Form
      • Liquor Liability Quote Form
      • Workers Compensation Quote
    • Dental
    • Farm
    • Flood
    • HealthImage of right arrow
      • Disability Insurance Quote
      • Health Insurance Quote
      • Long Term Care Insurance Quote
    • HomeownersImage of right arrow
      • Homeowner Flood Quote Form
      • Homeowners Insurance Quote
      • Manufactured Home Quote
    • LifeImage of right arrow
      • Life Insurance Quote
      • Term Life Insurance Quote
    • Motorcycle
    • Recreational Vehicle
    • Renters
    • Trucking
    • Vision
    • Watercraft & Boat
    • Windstrom
  • Customer Service
    • AutomobileImage of right arrow
      • Add Driver to Existing Auto Policy
      • Add Vehicle to Existing Auto Policy
      • Remove Driver from Existing Auto Policy
      • Remove Vehicle from Existing Auto Policy
      • Request Declaration and Coverages Page for Auto Policy
      • Request ID Card for Auto Policy
      • Send Declaration and Coverages Information to Lien Holder
    • Business & CommercialImage of right arrow
      • Add Driver to Existing Commercial Auto Policy
      • Add Vehicle to Existing Commercial Auto Policy
      • Remove Driver from Existing Commercial Auto Policy
      • Remove Vehicle from Existing Commercial Auto Policy
      • Request Declaration and Coverages Page for Commercial Auto Policy
      • Request General Liability Certificate of Insurance
      • Request ID Card for Commercial Auto Policy
    • Flood
    • Health
    • HomeownersImage of right arrow
      • Request Declaration and Coverages for Existing Homeowners Insurance Coverage
      • Request Evidence of Insurance
    • Life
    • MotorcycleImage of right arrow
      • Add Driver to Existing Motorcycle Policy
      • Add Motorcycle to Existing Policy
      • Remove Driver from Existing Motorcycle Policy
      • Remove Motorcycle from Existing Policy
      • Request Declaration and Coverages Page for Motorcycle Policy
      • Request ID Card for Motorcycle Policy
    • Other
    • Recreational VehicleImage of right arrow
      • Add Driver to Existing Recreational Vehicle Policy
      • Add Recreational Vehicle to Existing Policy
      • Remove Driver from Existing Recreational Vehicle Policy
      • Remove Recreational Vehicle from Existing Policy
      • Request Declaration and Coverages Page for Recreational Vehicle Policy
      • Request ID Card for Recreational Vehicle Policy
    • Renters
    • Watercraft & BoatImage of right arrow
      • Add Watercraft to Existing Policy
      • Request Declaration and Coverages Page for Watercraft Policy
      • Request ID Card for Watercraft Policy
    • Windstorm
  • Blog
  • Make A Payment
  • Resources
    • Secure File Area
    • Refer a Friend
    • Important Links
    • Calculators
    • Free Reports
    • Insurance Glossary
    • News Center
  • About Us
    • About Parkway Insurance Group, Inc.
    • Location Map
    • Employee Directory
    • Customer Testimonials
    • Privacy Policy
    • Community Outreach
  • Contact
    • Contact Us
    • Join Our Newsletter
Postheader Auto Insurance Home Insurance Business Insurance Life & Health Insurance
Home > Blog > Good Credits Saves Homeowners On Insurance
FRIDAY, MAY 12, 2017

Good Credits Saves Homeowners On Insurance

It's no secret; having a good credit score has many benefits. It can help you get approved for loan and get lower interest rates, but there's even more. News 13's Jeff Platt shows us an unexpected way good credit can save you big money.

Homeowners and homebuyers alike have a lot to worry about; making mortgage payments, keeping the house clean and the yard trimmed, and on top of that they need to buy insurance.

Cheryl Gillum, direct at the Wyoming Community Development Authority said, "All of WCDA's loans require that a homebuyer have homeowners insurance and that's part of their house payment."

For those financing homes the cost of an insurance policy could be high, but if all of their other accounts are squared away... It's the policy buyer who gets the break.

Des Bennion, The Bon Insurance Agency said, "Insurance companies can't really go against you for bad credit, but we can give discounts for good credit."

Good credit shows companies a person can be trusted with financial obligations, but building a solid credit score can take quite some time. So the sooner you start using a credit card, the less you'll have to pay to protect a house and the reward for having a high credit score isn't just a few bucks.

Bennion said, "They can be extremely enormous. Probably the biggest one that I've seen was a difference of about 600 dollars on an annual premium."

On the other side of the coin having poor credit doesn't only result in higher premiums; the cost can be even greater.

Bennion said, "Sometimes even worse than that we've had a few clients sadly that the home policy cancels and then there's a loss."

Bottom line when you pay your bills on time you come out smelling like roses.

Although Bennion emphasizes the importance of building credit early in life. He also says it's important to never use a credit card to buy anything you can't afford.

Read More: Source

Posted 7:25 PM

Tags: home, insurance, homeowner
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2022
  • 2017
  • 2016

  • insurance(68)
  • tips(29)
  • home(20)
  • auto(19)
  • safety(17)
  • life(16)
  • homeowner(11)
  • holiday(8)
  • car(7)
  • house(7)
  • homeowners(6)
  • flood(6)
  • rates(5)
  • family(4)
  • claims(4)
  • health(4)
  • business(3)
  • money(3)
  • long-term(3)
  • mistakes(3)
  • halloween(3)
  • new year(2)
  • disability(2)
  • commercial(2)
  • accident(2)
  • april(2)
  • thanksgiving(2)
  • claim(2)
  • save(2)
  • long-term care(2)
  • value(2)
  • dog(2)
  • funny(2)
  • women(1)
  • labor day(1)
  • permanent(1)
  • college(1)
  • financial(1)
  • retirement(1)
  • texas(1)
  • valentine(1)
  • traffic(1)
  • inventory(1)
  • refresher(1)
  • employee(1)
  • 4th of july(1)
  • school(1)
  • child(1)
  • teen(1)
  • student(1)

View Mobile Version
Fill out the form below or call/email us at
(281) 558-1991 | info@parkwayinsurancegroup.com


Who We Are >
We are a leading provider in insurance and services in the insurance industry. Priding ourselves on providing the best customer experience possible while also giving you the lowest rates. We have relationships with dozens of insurance companies, allowing you to get the right price with the right service.

Read More
Read Our Blog >
ASI Lloyd's
Progressive
Mercury
UPC Insurance
American General
Blue Cross Blue Shield
Universal American
Customer Testimonials >

Read More
 
  Who We Are
Insurance Carriers
Meet Our Staff
Customer Testimonials
  Auto Insurance
Life Insurance
Home Insurance
Health Insurance
Business Insurance
Other Insurance
  955 Dairy Ashford Rd. Ste 203 
Houston, Texas  77079
P: (281) 558-1991 | F: 281-558-1998
info@parkwayinsurancegroup.com
 
©Parkway Insurance, All Rights Reserved - Terms & Privacy Policy Powered by Insurance Website Builder