Insurance companies use Comprehensive Loss Underwriting Exchange (CLUE) Personal Property reports to learn about past claims for a property and set rates for homeowners insurance. However, your clients can benefit from obtaining a property’s CLUE report, too.
A CLUE report shows claims for a property dating back seven years—no matter the property owner—and shows date of losses, loss types, and amounts paid for any claims.
Only an owner of a property can access the property’s CLUE report. This means that a buyer must request one from the seller. Or sellers may want obtain their free CLUE report to show prospective buyers the home’s clean record. Sellers can also benefit from seeing whether there are errors on the report before putting the house on the market.