Florida Real Estate Blog

Home selling and buying how easy it used to be. Not today, today you must "have a clue" if you don't want to walk away from your closing empty handed.

C.L.U.E. Report Comprehensive Loss Underwriting Exchange, it is a claims history database maintained by ChoicePoint that allows insurance companies to evaluate homes. It maintains claims for the past 5 years.

Under CLUE guidelines, any homeowners' insurance claim is logged and kept on the database for five years. More than 600 insurers, or nine of every 10 in the industry, provide and share the data.

They report on claims for about 30 kinds of losses, from wind damage to dog bites. A cyber visit to Choicetrust.com will get you a report on every claim against the property filed in the past five years for $12.95. It can only be ordered by the current owner.  I suggest every Realtor coach their new listing to secure one.  It will save a lot of heart ache 3 days before closing when the buyer finds they cannot secure insurance or the price has tripled.