A CLUE report, or Comprehensive Loss Underwriting Exchange report, is essential for both home buyers and sellers as it details a property's insurance claims history for the past seven years. This information is used by insurance companies to assess risk and set premiums. It includes specific details about claims such as the date, type of loss, and amount paid. Understanding this report can help parties involved in real estate transactions avoid unexpected issues related to property risk and insurance requirements.
A Comprehensive Loss Underwriting Exchange (CLUE) report is a document that contains information about insurance claims made on a property within the past seven years.
Reviewing a CLUE report can help avoid potential issues and surprises during a real estate transaction.
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