Based on past experience, whether you rent or own has an effect on your insurance risk. Some of this is an indication for general affluence but other factors come into play as well. For example, people who own their own homes are more motivated to make sure they are looked after than those who don’t.
Help us improve this rating
Wrisk isn’t like a normal insurance service – we are always learning and that includes improving the way we assess risk. If you think this Wrisk Factor should be rated differently – please tell us why.
If your feedback results in a rateable change that can be validated as truly predictive by our actuaries and data-scientists – we’ll reward you with an instant credit to your Wrisk balance and/or some Wrisk swag! :-)
Please remember that the validation process can take some time as we need to correlate stuff against historic claims information. Also – evidence with data beats opinions every time.