Claims information available from C.L.U.E. database
A Loss History Report is a record of insurance losses associated with a home or a car. Most homeowners and auto insurance companies contribute claims history information to a database known as the Comprehensive Loss Underwriting Exchange (C.L.U.E.), which is available from LexisNexis. The information is generally used by insurers when they underwrite policies.
If you are buying a home it is a good idea to ask the current homeowner to request a copy of the C.L.U.E. loss history report. These reports provide a record of the type of loss on the home, the date of the loss and the amount and status of each claim—going back five years. By law, one free report is allowed per year. For homes an A-PLUSTM property report is also available from ISO®. If the report indicates there has been damage to the house, you can have it checked by a professional before committing to the purchase of the home.
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Illinois and Wisconsin residents, at R Hobbs Insurance Agency, we can work with you to make sure you've got the coverage you need, while at the same time using all possible credits and discounts to make that coverage affordable. Just give us a call at (847) 680-0888 or send us a note at firstname.lastname@example.org. We want to help you meet your goals, and make sure what's important to you is protected!
Content Source: iii.org