Do insurance companies track different types of claims?
I had a business that was a corporation and lost everything from a fire. Does that effect my rates personally if I get new policy? ie content insurance, homeowners, etc.
Yes, insurance companies report losses to the Comprehensive Loss Underwriting Exchange.
If the policy and the claim, and the maling/location address, were all in the name of the corporation, with a seperate corporate tax id number, then the corporate claim will not follow you, personally, unless you’re using the same mailing or location address.
If one of those – the policy, the business name, the location or mailing address – was in your personal name, then it CAN.
When a company pulls a clue report, they look at claims entered by name, by location address, and by mailing address. Or for autos, also including the vin and plate number.
July 17th, 2010 at 6:53 am
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References :
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July 17th, 2010 at 7:14 am
Yes, insurance companies report losses to the Comprehensive Loss Underwriting Exchange.
If the policy and the claim, and the maling/location address, were all in the name of the corporation, with a seperate corporate tax id number, then the corporate claim will not follow you, personally, unless you’re using the same mailing or location address.
If one of those – the policy, the business name, the location or mailing address – was in your personal name, then it CAN.
When a company pulls a clue report, they look at claims entered by name, by location address, and by mailing address. Or for autos, also including the vin and plate number.
References :
agent, 21+ years