Roseman: Poor credit score raises home insurance cost

http://www.moneyville.ca/article/992868–roseman-home-insurers-raise-rates

Soaring Insurance Rates?

A growing number of insurers are using a person’s credit score to measure their insured risk on personal property insurance. This has led to an increase in insurance premiums or a denial of insurance outright to many Ontarians. + Read More

Support the New Bill 130: The Homeowners Insurance Credit Scoring Ban Act, 2010

Liberal MPP Mike Colle introduced a private member’s Bill on November 4, 2010, calling for a ban on the use of credit scores to determine property insurance rates.

The Bill is posted on the Ontario Legislative Assemby’s Website.
Support Bill 130 by emailing MPP Mike Colle at mcolle.mpp.co@liberal.ola.org.