What does CLUE report mean?
Asked by: Jaquan DuBuque | Last update: February 11, 2022Score: 5/5 (50 votes)
What is CLUE? CLUE is a claims-information report generated by LexisNexis®, a consumer-reporting agency. The report generally contains up to seven years of personal-auto and personal-property claims history.
What are CLUE reports?
C.L.U.E. (Comprehensive Loss Underwriting Exchange) is a claims history database produced by consumer reporting agency LexisNexis® that enables insurance companies to access consumer claims information when they are underwriting or rating an insurance policy. How can I obtain a copy of my C.L.U.E. report?
How long does claim stay on CLUE report?
How long do claims stay on a CLUE report? Claims generally stay on a CLUE report 5-7 years from the date filed.
HOW DO I GET A CLUE report?
You can obtain your C.L.U.E report by calling LexisNexis Services at 1-866-312-8076. The personal reports section of the LexisNexis website also tells you how to order a copy of the report through the mail or, easiest of all, view the report online.
What is a CLUE report in real estate?
® Personal Property Risk-Only ("C.L.U.E. ®") Report is a 5-year insurance claims history report on a property. In order to comply with State and Federal laws and regulations pertaining to personal privacy and fair information practices, the written consent of the property owner is required to access the C.L.U.E.
What is a CLUE Report?
What could happen if a buyer does not require the seller to order a CLUE report before closing?
Without a C.L.U.E. report, a buyer may not discover a problem with the house until the deal has progressed to closing, when the insurance cost comes in much higher than expected or when the insurance company refuses to insure at all.
Who provides a clue report?
CLUE is a claims-information report generated by LexisNexis®, a consumer-reporting agency. The report generally contains up to seven years of personal-auto and personal-property claims history.
What if my CLUE report is wrong?
If you discover an error on your CLUE report, for example, an invalid claim report or an incorrect loss payment, you can contact LexisNexis directly by calling 888-497-0011 or 866-312-8076 and report the problem.
Can I see my CLUE report?
How can I obtain a copy of my C.L.U.E. report? Under the federal Fair Credit Reporting Act, you can request a copy of your C.L.U.E. report from LexisNexis® toll free at 1-866-312-8076 or by visiting personalreports.lexisnexis.com.
What happens when an insurance claim is made against you?
When someone makes a claim against your policy, your first response should be to get in touch with your insurance company and let them know that the other party is seeking compensation for damages. ... In this case, your insurance company will partially reimburse the other driver for damage caused in an accident.
How many claims can you file with state farm before they drop you?
State Farm, the nation's largest homeowners insurer, is dropping customers in some states when they file as few as two claims in as many years.
Can your home insurance drop you after a claim?
Not only can an insurer drop you after a single claim, it can drop you before you make any claims at all. ... Even asking about coverage but not filing it can be enough to panic an insurer into dropping you.
How far back do insurance companies look?
Most insurance companies check your driving record for the past three to five years, meaning if you had a violation outside this time period, it will not affect your insurance premiums. Some states regulate this “look-back” period, however, making it longer or shorter.
Do all insurance companies report to clue?
CLUE is a database run by LexisNexis that records up to seven years of claims information. More than 99% of auto insurance companies and 96% of home insurance companies report claims to CLUE, making it a valuable resource.
How do I check my insurance claim history?
The easiest one may be to ask your existing car insurance provider for details of any claims you've made in the past. This information could include the date of any claims, the type of claims, how much was paid out, and details of any injuries. You could also contact the Claims and Underwriting Exchange (CUE).
How do you find out if a house is insured?
Check your bank/credit card statements for evidence of any payments. Call your insurance broker or financial adviser, if you have one. Ask your mortgage provider for details of the buildings insurance information you gave them when you took out your mortgage. Check your email history and paperwork for any ...
How long does an accident stay on your record?
But generally, insurers will ask about the last 5 years. If your insurer asks about the last 5 years, claims you made and accidents you had more than 5 years ago won't affect the price of your car insurance. Sometimes, insurers will ask for a more detailed claims history from some drivers than others.
How much will my homeowners insurance go up after a claim?
Filing a claim increases your risk in the eyes of your insurance provider, and as your risk goes up, so do your premiums. You can expect to see a rate increase of 9% to 20% per claim, though this number varies by the type of claim and the number of claims you've filed previously.
How do insurance companies find out about accidents?
Car insurance companies typically look at your motor vehicle record (MVR) when you apply for a new policy and every year around renewal time. Your MVR will include accidents that were reported to the state. For example, if police responded to the scene of an accident and filed a report, it will be included in the MVR.
How do I remove an insurance claim from my record?
Generally, yes, you can cancel or withdraw an insurance claim by calling your insurance provider's representative. You may want to cancel a request, mainly if the damages are low and you can pay them yourself. Typically it is a bad idea to cancel a claim because it will stay on your record.
How do you get rid of an accident in clue?
If your C.L.U.E. and MVR reports are wrong, you can contact your state's insurance department and file a claim appealing the error on your record. The state will research and fix any errors on your auto claims history or accident record, but this process can be slow.
Can you dispute LexisNexis?
If you need help disputing your LexisNexis credit report, you can always reach out to us for assistance through this site or call us at (888) 400-CREDIT | (888) 400-2733 to get help. ...
How do you find out what homeowners insurance someone has?
In the majority of states, the primary method of finding out whether the liable person is insured is to simply ask him for a copy of the "declarations page" of his homeowners or renters insurance policy.
What are the 3 basic levels of coverage that exist for homeowners insurance?
Homeowners insurance policies generally cover destruction and damage to a residence's interior and exterior, the loss or theft of possessions, and personal liability for harm to others. Three basic levels of coverage exist: actual cash value, replacement cost, and extended replacement cost/value.
On what matters can clue advise potential buyers?
How can C.L.U.E. reports benefit potential home buyers? C.L.U.E. reports let potential home buyers know about water damage, mold, and other issues that can make it difficult or even prohibitively expensive to insure a home.