The Comprehensive Loss Underwriting Exchange (CLUE) database contains the insurance claims history on homes, automobiles, and individuals over the last seven years. Not all insurance companies contribute to the CLUE database, but most do. Underwriters can use the information on a CLUE report pulled on a house, for example, to help rate insurance policies. The rating affects the cost of the policy’s premiums.
CLUE reports are available for both home and auto insurance. For home insurance, a CLUE report will provide information about prior claims made on the property, such as water damage, fire damage, theft, or other incidents. This report may also include information about any liability claims made by individuals who have resided at the property.
For auto insurance, a CLUE report will provide information about prior claims made on a specific vehicle. This can include details about accidents, thefts, or any other incidents that resulted in a claim being filed. The report may also show information about the insured driver(s) involved in the claims.
Insurance companies use CLUE reports to assess the risk associated with insuring a particular property or vehicle. The information in these reports helps insurers determine premiums, policy eligibility, and underwriting decisions. It is important for consumers to regularly review their CLUE reports to ensure the accuracy of the information and to address any discrepancies they may find.
It is essential for individuals to review their CLUE reports regularly to verify the accuracy of the information. This ensures that insurers have the correct claims history when evaluating insurance applications. Under the federal Fair Credit Reporting Act, you can request a copy of your C.L.U.E. report from LexisNexis toll-free at 1-866-312-8076 or by visiting consumer.risk.lexisnexis.com. If any errors or inaccuracies are found in the CLUE report, individuals can contact LexisNexis to dispute and correct the information. This can be done through a formal dispute process.
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