CLUE Report and Insurance

8 Feb 2008 by Chetan Shah.

Whenever a customer requests a homeowners / auto insurance policy quote from any insurance company, the company checks the past claims history for your property before they give you a quote. Like a personal credit report, it is imperative to keep the claims report accurate so that you as a customer are not charged any extra insurance premium for the claims which you never filed.

In order to see what claims were filed against your property, every customer is entitled for a free CLUE (Comprehensive Loss Underwriting Exchange) report. This report has claims history (5 years) of the property in consideration. This report can also be used at the time of buying the property to validate the sellers disclosures. Additionally it can used to make a more informed decision whether the insurance premium quote given by the insurance company is reasonable. It will be prudent to check this report every year before you renew your auto or homeowners insurance.

Every individual has a credit score, so does every property. One of the data values which determines the credit score of the property is derived from CLUE report.

To get your CLUE Report please visit ChoiceTrust

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