C.L.U.E. (Comprehensive Loss Underwriting Exchange) is a claims history database generated by LexisNexis that enables insurance companies to access consumer claims information when they are underwriting or rating an insurance policy. That sounds great for insurance companies, so why is it important to you?
A C.L.U.E. report is important to you because it allows you to see any past claims the current owner of the home has made in the past 7 years. It can tell you if they have filed a claim for a new roof, for water damage, smoke damage, theft, etc. This is obviously handy information to know when going into an inspection, especially if there isn't a new roof on the house even though a claim has been filed for one.
If you want to do all your homework and know everything you can about the Denver home you are about to buy, then starting with a C.L.U.E. report is definitely a good first step to take. Ask your agent about it when the time comes and feel free to visit this link, click here, for more information.
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