As a college student transitions from the rhythm of classes and exams into the professional world, a lot can change with how they handle insurance. In some circumstances, a student might not even own a car or rent independently during their time at school. Others will have a full range of insurance coverage already. Regardless, choosing insurance for young professionals can be confusing for some, so let’s examine all the important coverage options they should consider as they get their first professional job.
I was recently asked a question about credit by one of our Square State Insurance clients, and thought I would share the answer here for our readers.
There are a lot of things that go into homeowners and auto insurance rates, one of them being credit rating. I’ve heard a lot of complaints from people who don’t like the fact that insurance companies use credit in their underwriting.
Some people have absolutely no idea that it’s used in the rate at all.