You Need To Get A C.L.U.E. Report - Aliens Are Tracking YOU!

Aliens Are Tracking You!

Okay, maybe not little green men tracking your every move, but this group is just as mysterious and "probing."  

Knowledge is power, as the old saying goes, and the more access you have to what insurers know about you, the better you are.

Insurers compile something on you known as a Comprehensive Loss Underwriting Exchange (C.L.U.E.) report.  It contains a seven-year snapshot of info about you, including a list of any claims you’ve made.

Some insurance companies, when you call up and ask questions, will log it on your C.L.U.E. report. This is a tactic that makes other insurance companies not want to insure you.

But the good news is you can order your free C.L.U.E. report once a year. If something turns up false, you can challenge it through the dispute process.

Link to LexisNexis.

REALTORS

Here’s how a C.L.U.E. report can benefit you:  

Sellers need every advantage they can get in today’s real estate market. 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 personal property report on your residence and make it available for prospective buyers to see? That way they know there’s no hidden damage that you made an insurance claim about but didn’t otherwise disclose. It’s peace of mind for a buyer.

Sure, the buyer will get the property inspected as a condition of purchase, but having the C.L.U.E. report handy is just another way to ensure them they’re not buying a property loaded with hidden problems that got passed on to the insurer.