What is a Clue Report?
A Clue report is due to a home buyer in Arizona in the first five days after contract acceptance. C.L.U.E. stands for Comprehensive Loss Underwriting Exchange. The CLUE report is a Home Seller’s Disclosure Report that provides a five-year insurance loss history for a given address, without divulging personal and private information about a property owner. If the report for your property indicates that you have not sustained an insurance loss within the past five years, a buyer can feel comfortable that insurance loss history of the property should not impact the availability or pricing of homeowners insurance. This may give your home an advantage over one where the insurance loss history is not known.
This report does not have to be an official “clue” report….a letter about claims history from a sellers insurance company will suffice. Some insurance companies call this a letter of experience.
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