Should you’ve lately opened your mail and located a discover from LexisNexis, you may be asking: What is that this, and why did I get it? Don’t fret — you are not the one one. Many are shocked by the quantity of knowledge LexisNexis collects and the way it can affect their insurance coverage charges and monetary life.
What’s LexisNexis?
LexisNexis capabilities as a nationwide shopper reporting company, akin to credit score bureaus like Experian, TransUnion, and Equifax. Nevertheless, as a substitute of solely specializing in credit score data, LexisNexis compiles a broader array of non-public and public information, resembling:
- Insurance coverage claims historical past (CLUE reviews)
- Driving data and violations
- Property possession and mortgage particulars
- Courtroom filings, liens, and public data
- Id and call data
Insurance coverage firms, lenders, and a few employers use LexisNexis to judge your danger profile. Subsequently, the accuracy of this report can considerably have an effect on your insurance coverage premiums, protection eligibility, and mortgage approvals.
Why Did I Obtain a Discover from LexisNexis?
Usually, you’ll obtain a discover from LexisNexis when an insurance coverage firm, financial institution, or different enterprise has accessed your LexisNexis data to decide about you.
As an illustration, when making use of for auto or owners insurance coverage, the corporate could have reviewed your LexisNexis report back to verify your claims historical past. Legally, if this data influenced your pricing or eligibility, you should be notified.
Receiving such a discover would not essentially imply there’s a difficulty; it merely signifies that LexisNexis information was used in the course of the decision-making course of.
Why Accuracy Issues
Insurers depend on LexisNexis reviews to find out your charges, so even minor inaccuracies can price you cash. An incorrect declare, a misreported accident, or outdated private data may end in greater premiums. That is why it is essential to know what’s in your file and proper any inaccuracies.
Learn how to Verify Your LexisNexis Report
Underneath the Truthful Credit score Reporting Act (FCRA), you could have the suitable to request a free copy of your LexisNexis Client Disclosure Report as soon as each 12 months. Right here’s how:
- Request on-line: Go to LexisNexis Client Middle
- Name by cellphone: Converse with a consultant at LexisNexis Threat Options Client Middle at 1-888-497-0011
- Evaluate rigorously: Study your claims historical past, driving document, and private data for accuracy.
- Dispute errors: Should you spot any errors, file a dispute with LexisNexis for investigation and correction.
Subsequent Step
Earlier than acquiring quotes from a number of insurance coverage firms, make sure the accuracy of your LexisNexis file. Contact LexisNexis as we speak to evaluation your report. You probably have questions, attain out to us. We’ll information you thru the method and assist make sure that your insurance coverage premium displays your true danger profile, not a reporting error.
👉 Request your report right here
⭐ Last Takeaway
Checking your LexisNexis file may prevent frustration, time, and cash. Guarantee your document is appropriate earlier than purchasing for insurance coverage to safe the fairest charge attainable.
