Importance of the C.L.U.E. Report in Real Estate


clue report home

If you’re selling in a tough real estate market where sellers need every advantage they can get, money expert Clark Howard believes a C.L.U.E. report can be one piece of the puzzle. “If you’re trying to sell your home, why not request the free personal property report on your residence and make it available for prospective buyers to see?”Author: Theo Thimou. Mar 03,  · The C.L.U.E. report provided will be a redacted version and will only contain Loss History and not personal information of the seller. If you read my previous post linked above you'll discover that often times it is the buyer's past claim history that can have a negative impact on the purchase of a Southwest Premier Insurance Agency LLC. LexisNexis® Risk Solutions maintains information on insurance claims histories and has designed an easy process for consumers to request their free file disclosure. FACT Act Disclosure. The C.L.U.E. Personal Property report provides a seven year history of losses associated with an individual and his/her personal property.

C.L.U.E. Report - Why Home Buyers & Sellers Should Get One

A tree falls on the roof of your house. You clue report home an insurance claim with your agent, collect a settlement from the insurer, and fix your roof.

End of story, right? Not quite. Every clue report home you make on your homeowners insurance is recorded in a widely used insurance industry database called CLUE, short for Comprehensive Loss Underwriting Exchange.

Almost all insurance companies use CLUE to check on the claims history of prospective policyholders. The CLUE insurance report also includes claims made on your home before you even bought it. A-PLUS is another company that maintains a loss-history database. Since the database is used by most insurance companies, your claims history follows you from one insurer to another.

Actual claims, as opposed to inquiries, remain in the CLUE database for seven years from the date you filed them. Both LexisNexis, the owner of CLUE, and A-PLUS advise insurance carriers not to report loss information just because you called to ask a question clue report home whether your policy will cover a particular loss.

Individual insurance companies may keep a record of inquires, though. Each insurance company has its own formula for calculating how much a claim will affect your premium, according to the Insurance Information Institutea trade group that provides information to consumers.

Ask your agent if a claim-free discount is available. Insurance companies also consider your credit score, which is based on such things as how much debt you carry, whether you pay your bills on time, clue report home, and so forth. The more likely you are to file a claim, the bigger risk you are to the insurance company. And more risk clue report home a higher premium or denial of coverage.

Other factors insurers consider include the location of your home and its type of construction. Under federal law, you get one free CLUE report a year. The LexisNexis order page has information on how to order the report online, by phone, or by mail, clue report home. This fee will be waived if you're ordering a report because an insurer took an adverse action against you because of A-PLUS data. The report also tells you how to dispute any errors you find.

That makes it tough to decide just how much value checking your CLUE yields. Still, taking less than an hour once a year to order and review your report could pay off, especially if you find an error.

Skip to content. Your CLUE report will have: Your name, home address, clue report home, birth date, and Social Security number; The number assigned to the report; The name of your insurance company; The type and number of the insurance policy; The type of loss—fire, water, etc.

The order page lets you view a sample report, clue report home.


Clue Insurance Report | Importance Of Clue Insurance Report


clue report home


Home Product Index C.L.U.E.® Property Discover property losses by matching search criteria against personal property claims. Better qualify applicants, achieve more precise pricing and reduce expenses. More Information. LexisNexis® C.L.U.E.® Property. Benefits. Price with More Precision. A CLUE report shows a home's insurance claim history. Find out where to get a free report and how it can help homebuyers. Get clued in on how to check a house’s insurance claim history and avoid. CLUE is a report of claims information generated by LexisNexis®, a consumer-reporting agency. Find out what a CLUE report contains, what companies report, etc. CLUE (Comprehensive Loss Underwriting Exchange) | Washington state Office of the Insurance Commissioner.