monahan b
ASHI'S highest award for distinguished contributions
to the Society and the Profession of Home Inspection.
In recognition and appreciation of your many years
of service, your peers and fellows humbly
extend this memento to you as a token of our
highest esteem and regard for your service.

Awarded January 21, 2019


C.L.U.E. Report

A C.L.U.E. report. Just what is a CLUE report and why can a CLUE report be important?

I didn't have a clue, no pun intended, so I turned to the Internet. 

An article by James Kimmons starts by defining CLUE.

CLUE stands for Comprehensive Loss Underwriting Exchange and a CLUE report contains 5-years of information from insurance companies that includes dates of claims and whether or not a loss is tied to a an event such as a hurricane or flood or if a claim is related to something that occurred inside the house and more important, if money was paid.

Without going into a lot of detail the importance of a CLUE report is to learn if any claims during the previous 5-years will have an adverse effect on the ability of a purchaser to buy insurance.

One of the examples Mr Kimmons puts forward his article is "A report could provide loss information that would cause a buyer to reconsider the purchase of a home. If there had been a loss paid due to water damage and mold, the buyer might pass on the deal, as it could be expensive or very difficult to get insurance down the road."

A CLUE report is based on what has occurred and what if any claims have been made or what if any payments were made to cover a claim.

Print Email