Posted on December 18, 2015 - 04:22 PM
by Estefene Nestor
Knowing the past insurance claims on a property can be an important part of a buyer's investigation and decision to purchase the property. Many companies providing natural hazard disclosure reports (NHD) have also included a Comprehensive Loss Underwriting Exchange (C.L.U.E.) report in either a basic or enhanced disclosure report. It has recently come to C.A.R.'s attention that C.L.U.E. reports will no longer be available as part of a typical NHD report.
However, LexisNexis®, the aggregator of the C.L.U.E. report information, is offering homeowner C.L.U.E. reports for around $20. Click here for a link to the C.L.U.E.® Home Seller's Disclosure Report. Although REALTORS® and buyers cannot access a C.L.U.E. report themselves, they can ask the seller to obtain one for them. While not as simple as when NHD companies were able to provide the reports, this process is something a home seller can access themselves.
Additionally, LexisNexis® is required by the Fair and Accurate Transactions Act (FACT Act) to provide two certain C.L.U.E reports free to consumers, much like a free credit report. These two reports are a C.L.U.E. personal property claims history and a C.L.U.E. auto insurance claims history. Unfortunately these free reports do not provide the claims history for real property, but the personal property claims report could provide the history of claims regarding personal property located in real property. Click here for a link to these twofree C.L.U.E. reports.
Kelly Gabbadon I can't thank you enough Nestor you made my dream possible in 1 short month when everyone said it would take some time to sell & although it was a lot of work selling my 1st home you walked me straight through & for that I am forever grateful..
766 Gatewood San Leandro California..Kelly Gabbadon
In all our dealings with Realtors over the past ten years, we have never met anyone as helpful and energetic as you have been. Without hesitation, we would highly recommend your service to anyone who is looking for an experienced Realtor who cares about getting things done and doing them right! Thanks for taking such good care of us, we couldn't have done it without you!Ms Doloris Lopez