Showing posts from June, 2015

Do You Have A Clue?

I didn't have a CLUE and you might not either… I am referring to a national insurance claim data bank known as
Comprehensive Loss Underwriting Exchange (CLUE )
that contains insurance claim and payment information.
Until I read about it somewhere recently I didn’t know it existed, but it could very well have impacted me without my realizing it. CLUE keeps insurance claim and payment information on auto and personal property policies, the way they state it. 
What is not clear on the surface is that to them “personal property” includes your home or other real estate, claims such as what has been filed against your homeowner’s or renter’s policy.  That’s contrary to the more generally recognized distinction between personal property being commonly considered things that are movable, as opposed to real property or real estate.

There’s just one wrinkle that COULD cost you money unfairly: the data is tied to the property, so… if you buy a home or car that has had past claims paid against the…