Q. Can an insurance company use your FICO score to raise your insurance premiums up on your personal residence if the trust owns the property? I plan to cancel the policy and have it re written in the trust name.
A. Insurance companies have figured out that your FICO score (FICO is an acronym for the Fair Isaac Corporation, the creators of the FICO score.) is directly related to your risk as a driver or causality risk. So, your FICO score is actually one of the primary things that they look at in evaluating your risk.
When you use a living trust, your social security number will act as the tax ID number for the trust, so the credit bureau will tie your FICO score to properties owned by the trust anyway.
The trust is invisible to credit bureau.