Comprehensive Loss Underwriting Exchange 101 888011000 110888 MoneyTips
If you are acquiring or offering a house, a mortgage broker might recommend that you get a HINT. That’s not an insult; rather, it’s a reference to a report from the Comprehensive Loss Underwriting Exchange, otherwise referred to as CLUE. What is the CLUE Insurance Coverage Report? The IDEA report remains in essence an extensive insurance declares history over the previous seven years that includes info on when money is paid on a claim, when claims are denied, and when files are produced for future possible claims. Insurance provider pool their personal effects claims histories into a collective database, and a CLUE report enables specific parties to pull a report to show cumulative insurance activity that crosses several insurance companies. Reports can focus on the history of people or on specific residential or commercial properties– homes or vehicles. Within real estate, CLUE reports can be utilized to check the history of a home and ensure that there are no concealed insurance coverage claims …
