I just received my homeowners renewal policy today and the yearly coverage went from 628.00 to 989.00. I called my agent to find out why there was over a 50% increase. He advised me that credit scores affect the cost of the coverage. WHAT!!! Are you kidding me for one I am not applying for credit from American Family i explained to him, two, who gave them the authorization to run my credit (not me). I also explained that ok if I don't pay my policy it gets cancelled and my house gets wiped out by fire or another disaster what risk does American Family take (NONE!!!) the risk is mine not theirs. So why do they have a credit risk program to adjust rates when there is no risk for them. And by the way I have never had a claim against the policy. How does my ability or inability to pay bills to creditors affect buying insurance (last time I checked American Family Insurance did not extend a line of credit to me). So lets hit the middle class trying to make ends meet and do the right thing and carry insurance. And let use the reverse if your credit is perfect A will American Family lower your rate by 50%, I don't think so. We need to stand up for ourselves and stop the BS. This is why the insurance companies are the most wealthy companies in america. Oh by the way I just got off the phone with my agent and he said it like fighting the government with the company, I know he dosn't set the rates but something needs to be done.
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