Q.  What is a CLUE report? 

A.  The Comprehensive Loss Underwriting Exchange (CLUE) is a national insurance industry database of personal property claims. Insurance companies use it to underwrite or rate new policies. Whether you are selling or buying a home, you should talk to your REALTOR® about obtaining the report, which reflects the insurance claims history (up to seven years) on the property.  Here are the benefits:

 

  • Sellers.  If you order the report before listing your home, you can check it for accuracy and be aware of any problems you might have in selling.  A clean report, which you can make available to potential buyers, can be a good selling point.  

 

  • Buyers.  Seeing the report eliminates any “surprises” (water or fire damage, mold etc.) that may affect the cost and availability of getting homeowners insurance on the property.  The report, which is protected by the Fair Credit Reporting Act, can only be accessed by the owner, insurer or lender for the property, so you will need to ask for it.   

 

If you have any questions, or need capable and trustworthy representation, please call me at 910-352-0998.