Home Sharing Insurance

ISO reports, reports index, and SIU departments of all insurance companies to communicate with each other.

Unfortunately, I can not answer exactly how, but I get a discount by combining my auto and home insurance

There is a database of subscribers that they use. I vaguely remember the name of "Certified liability insurers" in the name. It is available online, but I could not find it. I think I read about on MSNBC.

They do not share specific information about individuals.

But they are authorized by law to anonymously share their data to take advantage of the law of large numbers.

The life and disability carriers have shared for years thanks to a database called the Medical Information bureau.MIB If you already applied or been rejected, it is the database. In recent years a database smlilar for claims has been developed for self perssonal and owners. If you had a disaster, it is on the database. It is called AVA. (Subscription of Comprehensive Exchange)

I know both check your credit.

There is also a company called Choicepoint where most companies auto insurance claims and losses report, most major carriers to use these data to determine your rate if you choose to insure with them.

Some large companies will require a letter of "experience" if the insurance company you wish to NOT use this system to declare losses. The letter from the experience will be necessary to indicate how long you've been insured with your company and if you have losses (claims).

They share limited information with each other through a third party - Complete Loss Underwriting Exchange. This is where companies report the type of loss, the address of the insured, the location of the loss (or wine of the vehicle, the car accident), driver, policyholder, dollar loss . In exchange for an annual fee, they can nominate a person or address, and get all the losses for this person who has been reported by other companies.

This is called a ratio index.

Owners for a loss, you usually find the address location, the amount of the claim, the type of application (water), and if an application is catastrophic or not. That's it.

Hope that helps.