Only 1 percent of people were very familiar with CLUE reports, according to a survey by insuranceQuotes.com, a Web site that helps consumers compare insurance quotes. Claims are stored for seven years in CLUE reports, which are reviewed by insurance companies that want to know more about the property and the people they’re covering. The reports include such information as a person’s name, birth date, the type of loss, the amount paid by the company and a description of the car or house. For instance, only 17 percent of the people surveyed were aware that insurance claims filed by a previous homeowner could affect what the current owner has to pay for coverage, according to the report from InsuranceQuotes.com. That’s because CLUE reports keep track of the claims filed on a particular home. Contact your homeowners insurance agency BEFORE buying a home so they can pull the clue report for you.
The URI to TrackBack this entry is: https://lloydprogroupins.wordpress.com/2015/01/05/do-you-know-what-a-clue-report-is/trackback/