Beware claims following the home, not the seller!

Services for Real Estate Pros with The Larsen Protection Team

We recently had a situation where the new home buyer was having a hard time finding homeowners insurance...until she called us. The previous owner had 5 claims over a 5 year period and 3 of those were for thefts (not good). Where a lot of insurance companies were denying her, we have one (actually more than one), who looks at the owner's history and not the homes history.

C.L.U.E. reports (Comprehensive Loss Underwriting Exchange) is where all insurance companies report their losses. It is a record of all reported losses, even if not paid out. We have a client who was with "like a good neighbor" who said he had no claims at all. His CLUE report showed 6 claims reported but nothing paid out. The truth was that each time he called his agent to inquire about a possible claim, they said "call our 1-800 claim number".

Nice - tell your client to call in a claim instead of helping them understand a claim and the claim activity.

That is why we love being independent insurance agents - truly helping the client and not working as an agent for 1 insurance company.

Posted by

Tom Larsen,

Buffalo insurance expert

You'll Switch for the savings, stay for the service!


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
ActiveRain Community
New York
ActiveRain Guerrilla Marketing Station
Insurance Gurus
The Art Of Marketing You
Gadgets, Tools, & Extras
homeowner claims
homeowners insurance
home insurance
new york property insurance

Spam prevention
Show All Comments
Carol Zingone
Berkshire Hathaway Home Services Florida Network Realty - Jacksonville Beach, FL
Global Realtor in Jax Beach, FL - ABR, CRS, CIPS
Interesting - I just learned a house I had listed several years ago had flooded 3 times - nope, they didn't tell me that when they wanted me to list it, only when the city wanted to acquire it via eminent domain.
Mar 11, 2013 10:30 PM #1
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Tom Larsen

We Shop, You Save!
Ask me an Insurance Question

Additional Information