• Archive
    •     2017
    •     2016
    •     2015

James Layfield

          5.00/5 View Ratings
Spyglass Realty and Investments

The Realty Skinny

Welcome and thanks for taking the time to check out my realty blog. Feel free to comment, ask anything or just soak in the content and hopefully we'll all learn a little more.

Why buyers need to get a CLUE.....

November 16th, 2016

Most people are unaware that insurance companies can use a property's claims history as a component for setting premiums for a new policy. A lot of insurance companies utilize CLUE (Comprehensive Loss Underwriting Exchange) to report and inquire about a home's claim history. Surprisingly though, only 12% of buyers request a CLUE report before purchasing their home. 

In many states, just an inquiry about property damage can show up on a CLUE report even if a claim was never filed on that inquiry. The CLUE report tracks data for the last 7 years. The report can be obtained for free once every 12 months. However, only the homeowner can request a copy of the report, so potential buyers need to request a copy from a seller while preforming thier due diligence.

Spyglass Realty and Investments
1107 Union Valley Dr., Pearland, TX 77581   Get Directions
Phone: (713) 249-2499
Fax: (713) 780-4994