2007-12-08 13:32:33 · 3 answers · asked by Anonymous in Business & Finance ➔ Insurance
There's NO REASON, IMO, to check a FICO score as part of a property damage claim.
The only reason to check it, during the claims process, is if you've got an arson or theft case that you think is fraudulent, and you're considering evidence for bringing fraud charges against the insured. I can't think of ANY OTHER reason why it's relevant.
It is part of the underwriting process, so an underwriter can check it before renewal, or before writing the policy in the first place. But I don't have any clue why an adjuster would check it, if it's PROPERTY DAMAGE.
2007-12-08 13:45:12 · answer #1 · answered by Anonymous 7 · 1⤊ 0⤋
It is not done in all claims. However claims of a certain nature (theft of expensive property, arson etc) it is done. These are frequently the types of claims that are fraudulently filed - folks can't pay the mortgage anymore so they burn the house down.
It's a standard part of the investigation into these types of claims.
2007-12-09 10:37:45 · answer #2 · answered by Boots 7 · 0⤊ 0⤋
they want to make sure you arent in high debt? maybe they think thats why your house was on fire. to pay for credit cards? ;D
2007-12-08 21:40:46 · answer #3 · answered by Anonymous · 0⤊ 0⤋