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Blog entries tagged with "clue report":
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A while back I woke up to find a very soggy downstairs. It seems that a fitting on the discharge hose of the water softner had cracked. The result was a couple of inches of water in the laundry room, powder room, hall, and extending part way to the family room and … (1 comments)
C.L.U.E. stands for the Comprehensive Loss Underwriting Exchange which is a huge database used by the insurance industry to track claims homeowners file against their homeowner's insurance policies. This information helps insurers avoid fraud and writing policies for people who make excessive claims, but this information also follows the home the … (4 comments)
When you are living in United States of America, you can never consider yourself safe from floods. Flooding occurs in most of the states in USA. There are various reasons for flooding, such as, hurricanes, heavy rain, tropical storms, rapid melting of snow, rise in level of river water etc. Therefore, … (0 comments)
Powered By Wellcomemat … (2 comments)
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Do you have a clue about the C.L.U.E. report?
Pre-Marketing Your HomeArticle 1 of series*My articles are my opinion based on personal experiences and readings. I do not "copy and paste" except on rare occasion. If I copy and paste that source will be referenced. When you are thinking about putting your home on the market and/or listing with a real … (0 comments)
When I sold my house a few years ago, before becoming a real estate agent, I didn’t have a CLUE. Had no idea where to find a CLUE. And when I received a contract from someone in California telling me I’d better get a CLUE, I averted the issue and accepted … (2 comments)
Suppose you have a new listing. The seller opts to sign a disclaimer instead of a disclosure under the Virginia Residential Property Disclosure law. 
A bad C.L.U.E. report can really mess up a transaction. Imagine this. A week before closing, your buyer tries to get home owner's insurance. The seller has only lived there for 2 years and nothing was mentioned to him when he bought it about some water damage claims the previous owner had … (1 comments)
Do You Have a CLUE?
Approximately 90% of all insurance companies contribute information regarding claims to an insurance industry database. When underwriting a new policy the insurance company may obtain a report from this system from one of a couple different sources to determine the property’s claims history. This report is most often identified as a … (0 comments)
One of the biggest issues for buyers and sellers today seems to be overall rise in homeowners insurance, especially in the aftermath of recent natural disasters, like Hurricane Katrina. People are looking for ways to reduce these costs, and we’re getting a number of questions about CLUE Reports, and how they … (2 comments)
Many factors affect the availability and cost of homeowner's insurance. Depending on the insurance company, these factors may include past insurance claims filed on the home being purchased, past insurance claims filed by the buyer on previous homes, and the buyer's credit score. Some insurance companies use a database known as … (0 comments)