- Q: What is a loss history report?
- A loss history report is a record of insurance losses associated with a home or car. These reports provide a record of the type of loss on the home, the date of the loss and the amount and status of each claim going back five years. The information in this report is generally used by insurers when they underwrite policies.
- Q: Where does the information on loss history reports come from?
- Most Homeowners and Auto insurance companies submit claims information to a database known as the Comprehensive Loss Underwriting Exchange (C.L.U.E.). The companies then use that information in underwriting and pricing policies.
- Q: What does this mean for me if I am buying a home?
- If you are buying a home, it is a good idea to ask that current homeowner to request a copy of their C.L.U.E. loss history report. If the report indicates there has been damage to the home, you can have it checked by a professional before committing to the purchase of the home.
- Q: How many reports can I request?
- By law, one free report is allowed per year. You can request your free report either through LexisNexis for a C.L.U.E. Personal Property report (for both cars and homes) here or through Verisk for an A-PLUS loss history report (specifically for homes) here.
*Tips courtesy of the Insurance Information Institute
