Close
Close
  • Archive
    •     2018
    •     2017
    •     2016
    •     2015

James Layfield

ASP, CNE
          4.99/5 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.

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 will 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.


Join the discussion

To post a comment on this blog post, you must be an HAR Account subscriber, or a member of HAR. If you are an HAR Account subscriber or a member of HAR, please click here to login. If you would like to create an HAR Account account, please click here.

Login to Comment
Disclaimer : The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®
Spyglass Realty and Investments
1107 Union Valley Dr., Pearland, TX 77581   Get Directions
Phone: (713) 249-2499
Fax: (713) 780-4994