I have a financial stabilty score of 1405 on my homeowners insurance policy. What does this score mean?

3 Comments

1. Emilio D says:

   October 27, 2009 at 8:11 am

   The Financial Stability Score is a rating device composed of a number and a letter. The numerical factor is based on a company’s payment pattern record; specifically how long it typically takes to pay for materials or equipment purchased and the greatest amount of credit it has received.

   This record is compared to that of other companies in the Tarnell Company, LLC. database and ranked according to its position percentage-wise. A code of 10 pays in the bottom 10% of companies. A code of 90 pays in the top 10%. The letter grade is based on non-financial statement risk and stability variables
   including:

   · Years in business
   · High credit extended
   · Broad supplier risk distribution
   Each factor is assigned a point value based on the company’s individual ranking in the Tarnell Company, LLC. database. The point total is expressed in a letter grade, with “A” being the most stable and “E” indicating the most doubtful. Thus, an “A90”
   would represent a company that pays in the top 10% of all companies and is one of the most stable in the Tarnell Company, LLC. database

   Hope this helps
2. wph00 says:

   October 29, 2009 at 3:14 am

   Your financial stability score is different than the standard FICO score which focuses on your past history of meeting your financial obligations. Due to recent changes in the financial world banks are tending to look for a measure of future risk, hence the Financial Stability Score. In essence your Financial Stability Score is your risk of bankruptcy. Exact ranges for the mesure are not well established and there is no correlation between your FICO and your Financial Stability Score. A score over 1000 however is good.
3. Patrick G says:

   November 1, 2009 at 5:42 am

   You may try to google it,here has some direct resource that might be helpful.