Understanding CLUE Reviews


In case you’re planning to change insurance coverage suppliers, or if you happen to’re out there for a brand new insurance coverage coverage, whether or not or not it’s for a automobile or a property, you might marvel how insurance coverage firms decide what protection you will obtain and for the way a lot. For a lot of, how insurance coverage firms operate can really feel like a thriller. However by taking a better take a look at your CLUE report, you would possibly acquire a greater understanding of what your insurance coverage firm is utilizing to judge your protection and if it is even truthful. This is what it’s good to perceive to utilize CLUE stories correctly. 

What’s a CLUE report?

CLUE stands for “Complete Loss Underwriting Change.” Subsequently, your CLUE report is a report that compiles roughly seven years of your declare historical past on any properties, leases, land, and/or autos you personal. A CLUE report is created by LexisNexis, a shopper reporting company that makes use of knowledge and superior analytics to assist its clients make knowledgeable choices and higher handle threat. Most insurers submit declare data to the CLUE database on a every day and weekly foundation. 

What precisely is in a CLUE report?

One useful approach to think about a CLUE report is just like a credit score report. Similar to collectors use your credit score historical past to find out your means to take out a mortgage, insurance coverage suppliers use your insurance coverage historical past to find out what protection they’re going to give you. A CLUE report is just like the insurance coverage model of your credit score report. 

A CLUE report sometimes contains:

  • your identify, 
  • date of beginning, 
  • coverage quantity,
  • and key declare data, together with:
    • the sort and date of loss,
    • the declare standing,
    • the quantity paid
    • and an outline of the property coated 

For owners’ protection, a CLUE report additionally contains the property deal with. 

For auto protection, it contains particular details about your automobile. 

A CLUE report additionally contains data on claims that had been paid, or denied, in addition to any open information for potential claims. It doesn’t embody credit score stories, legal data, authorized judgments, civil lawsuits and solely retains as much as seven years of your property and auto claims historical past.

Who can request my CLUE report?

In case your insurance coverage firm subscribes to CLUE, they’ll request entry. Don’t fear although — to ensure that somebody to achieve entry to your data they need to first get permission from the corporate they work for. Any insurance coverage agent can’t simply lookup your data each time they need.

Insurance coverage firms use this data when attempting to determine in the event that they wish to insure you, and in the event that they do, how a lot your fee will probably be.

You may as well request a CLUE report if you would like the data or if you happen to plan to promote your property and the client requests a historical past of the property. This report could be the “CLUE House Vendor’s Disclosure report” which retains your private data personal and solely features a five-year historical past.

Why would I must see a CLUE report earlier than I purchase a property?

It’s at all times good to ask to see a CLUE report earlier than making a house buy to be able to have a greater thought of what your insurance coverage goes to appear to be when you’ve made that buy. It might additionally assist you discover any potential issues.

For instance: if you wish to purchase an attractive lakefront home, however you’re undecided if it floods when the rain comes, you possibly can be left mopping up water. The CLUE report might let you know if the property you’re seeking to purchase had flood injury, and you need to use this data to make a extra knowledgeable determination. 

How Do I Get My CLUE Report?

There are a couple of methods to acquire your CLUE report. The Truthful Credit score Reporting Act was amended in 2003 by the Truthful and Correct Credit score Transactions Act, which permits any insurance coverage holder to request a free CLUE report for his or her house and auto claims each twelve months. You may as well get a free copy of your report in case your insurance coverage firm sends you an adversarial motion letter. In addition to in case your coverage is canceled or your charges are raised by your insurance coverage firm.

Listed below are the three most direct methods to acquire your CLUE report.

1.   Making use of on-line at LexisNexis’ official web site

2.   Calling 800-456-6004 or 866-897-8126 (each are the numbers for the LexisNexis Shopper Middle)

3.   Mailing a request kind to LexisNexis Danger Options Shopper Middle, P.O. Field 105108, Atlanta, GA, 30348-5108

Nonetheless have questions on your CLUE report? Or, have you ever not too long ago requested a replica of your CLUE report, solely to seek out inaccuracies? The attorneys at The Lane Legislation Agency could possibly assist. Give us a name at 713-595-8200, or contact us on-line at the moment to speak to considered one of our trusted insurance coverage declare dispute attorneys. 




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