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 them, you could
be charged more or denied for something YOU didn’t do and are not responsible
for! And even if you are not buying a used car or existing home right now, you
may already have been affected on past purchases.
OK, so what can you do about it? Well, now that
you know about it, you can ask your insurance agent. In addition, you are
entitled to a free report on what is in the system, just like getting your
credit report (same law).
I you are interested in additional details on
CLUE or on ways to reduce your insurance costs, I have more info on my web site. CLICK HERE.
JIM AT THE TOP
Jim Pedicord RE / MAX Top Realtyjimpedicord@remax.net
281-610-7847 Cell
713-558-2537 Direct
713-773-3700 x 2537 Office
713-773-3311 Fax
2911 S. Sam Houston Pkwy. E. Houston, TX 77047
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