What is a CLUE Report?

Undisclosed insurance claims could lead to higher insurance costs. CLUE Reports can be quite helpful in revealing if there have been costly insurance claims a current owner has made. It can also provide insight into any fires or flooding that may have occurred at the property. Prior claims could increase the cost of your insurance. A prospective buyer can request that the seller provide a CLUE Report as a condition of sale. A C.L.U.E. (Comprehensive Loss Underwriting Exchange) Report provides dates of claims, insurance company(ies) involved, the type of policy, whether loss was related to a named catastrophe (hurricane, etc.), location of the loss (on or off property), the amount paid and cause of the loss. The report goes back five years into the history of a property. It is standard industry practice to purge losses over five years old. ~About.com