The purpose of a CLUE report is to provide a centralized record of all the insurance claims associated with a specific home or a car insurance policyholder. Home and auto insurance companies use CLUE reports when calculating premiums to determine how much risk is presented by a certain consumer or property.
CLUE is a database run by LexisNexis that records up to seven years of claims information. More than 99% of auto insurance companies and 96% of home insurance companies report claims to CLUE, making it a valuable resource.
Potential home buyers can use CLUE reports to check for recurring issues with a property and to learn about their potential home insurance premiums. Similarly, drivers can use their CLUE report to determine when their old claims will stop affecting their rates. For more information, check out WalletHub’s guide to CLUE reports.
Yes, insurance companies share claims history with each other using databases such as C.L.U.E., which is run by Lexis Nexis and contains claims data from more than 99% of car insurance companies. Insurers can check a driver’s claims history using C.L.U.E. if the driver wants a quote. Claims history information is important to insurance companies because drivers with a history of claims, especially at-fault claims, present more risk to insurers.… read full answer
Insurance claims databases are the industry’s equivalent of credit reports. Like credit reports, these databases are designed to provide a centralized record of a consumer’s past behavior. This information helps insurance companies decide what premium to charge based on the individual driver. But rest assured that your claims history is only one factor that goes into your premium. Insurers will also consider characteristics such as age, driving record, location, and vehicle information.
For more information on insurance claims history databases and to learn how to check your claims history report for free, check out WalletHub’s guide to C.L.U.E. reports.
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