What is a CLUE report for insurance?

Asked by: Mr. Paul Hahn  |  Last update: February 11, 2022
Score: 4.8/5 (8 votes)

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.

What is the purpose of a CLUE report?

A CLUE (Comprehensive Loss Underwriting Exchange) report provides a home buyer with a detailed overview of any homeowner's insurance claims that have been filed and made on a house.

How much does a CLUE report cost?

How Much Does a CLUE Report Cost? A CLUE report costs $0 for your personal report from LexisNexis. Individuals are entitled to one free copy of their LexisNexis CLUE report each year, while additional reports ordinarily cost $19.95 each.

How do I get a copy of my CLUE report?

How to get a copy of a CLUE report
  1. Request a CLUE report online.
  2. Call 888-497-0011.
  3. Email consumer.documents@lexisnexisrisk.com.
  4. Request a copy from a homeowner (if you are a potential homebuyer)

How can I get my CLUE report online?

You can request a report at personalreports.lexisnexis.com. The report takes about 7-10 days via mail or 3 days via email. You can also request a report by calling 1-866-312-8076. A home buyer can ask the home seller to request the report as part of the sale.

What Is an Insurance CLUE Report?

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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.

How do I find out if a property has an insurance claim?

You can find out about the insurance claims on a property by using the CLUE report or seller's disclosure reports, that holds all the information of any previous claims that have been filed over the last five years.

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.

How do I find out when my car accident was issued?

There are a few ways to check your 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.

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.

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.

Can a buyer get a CLUE report?

Only the owner of a property or an insurer can request a C.L.U.E. report. The request must come from the property seller/owner if you're representing the buyer.

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.

Do all insurance companies use clue?

How do insurers use C.L.U.E. reports? C.L.U.E. reports are used almost exclusively to underwrite and rate new policies. Most insurers renewing existing policies do not access C.L.U.E. reports at renewal, largely because they already have loss histories for these properties in their own database.

Can't find out who my car insurance is with?

If you can't remember who your provider is, or have mislaid your policy documentation, check your emails, credit card or bank statements - depending on how you paid for your car insurance - to track down the provider's name. That way you can call them up to retrieve your information.

Can insurers check accident history?

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 long does a car accident affect your car insurance?

Although you can expect an accident to affect your insurance, it will not remain on your record forever. Generally, accidents fall off your record within three to five years. Insurance companies use your accident history to help determine the cost of your premium.

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.

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.

What is a clue accident?

A CLUE report — short for Comprehensive Loss Underwriting Exchange — is a record of your prior insurance claims. If you've ever switched insurance companies and wondered how your new insurer was aware of your previous accidents or claims, it's thanks to your CLUE report.

How do property damage insurance claims work?

An insurance adjuster works for the insurance company. After the adjuster submits a report on your claim, your insurance company may issue a settlement, which is the money they agree to give you to fix or replace your damaged property, for example, fix a hole in your roof, repair your car, or replace your belongings.

Do other insurance companies know about claims?

Yes. There are specialty consumer reporting agencies that collect information about the insurance claims you have made on your property and casualty insurance policies, such as your homeowners and auto policies. They may also collect driving records. ... Keep in mind that not every agency will have information on everyone.

How long does a claim affect your home insurance?

Depending on your insurance company, a home insurance claim will usually remain on your record for 5-7 years. Homeowners insurance covers your home, personal belongings, and property when lost in a covered loss. The more claims you have, the harder it will be to find affordable, credible coverage.

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.

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.