Saturday, March 04, 2006

CLUE Reports: What are they and how do they affect your insurance and your ability to purchase a home?

We talked about CLUE reports in our previous Podcast on A CLUE report comes from the Comprhensive Loss Underwriting Exchange and is used by the insurance industry. Basically a CLUE report lists all the insurance claims that have been filed against a property over the last 3-5 years. Depending on the number of Claims, an insurance underwriter may determine that a home is more or less risky to insure.

Some premiums go up after a CLUE report is evaluated by an underwriter and is something both buyers and sellers need to be aware of. The good news is that just because a property has had a lot of claims doesn't (necessarily) mean the new homeowners premiums will be higher. Most of the time those higher premiums follow the person who made the claim.

Although, there are time when a CLUE report can reveal a flaw in a home and be a greater risk for the new owners home insurance resulting in a higher premium. When you have an experienced team of agents representing you, they will help you determine issues such as these before it is too late.

If you would like to hear the full report about CLUE reports, visit and click on our monthly Podcast Report. The Clue Report was our February Podcast. Feel free to share this information with anyone you know who owns a home or is planning to buy or sell real estate in the near future.

To ensure you get an experience team looking out for your best interest, contact us directly at (816) 224-KORN (5676) or send us an email at