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What is a CLUE report?

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What is a CLUE report?

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CLUE report stands for Comprehensive Loss Underwriting Experience. This is the acronym associated with the loss history database managed by Choicepoint. Another common loss history database used by companies is known as A-PLUS and is managed by Insurance Services Office. The CLUE report is a loss history report. This report will show all losses (claims) made by you (by Social Security number), made on a specific vehicle (by Vehicle Identification Number) or made on a specific property (by address).

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A “clue” report is a report issued by the Comprehensive Loss Underwriting Exchange, or CLUE. It is a clearinghouse of information relating to underwriting factors for issuing insurance policies on homes or other real property. Formerly, by law, an insurance company had up to 60 days after issuance of a homeowner’s insurance policy to cancel the policy, based on a CLUE-type report, a credit report or a consumer report. But due to complaints from consumers because of cancellation of homeowner’s insurance policies, a new law, effective Jan. 1, 2004, was passed by the Arizona Legislature. This law prohibits cancellation of a homeowner’s insurance policy more than 30 days after the application by the homeowner, as opposed to 60 days under the current law, if such cancellation is based on a CLUE-type report, credit report or consumer report. As a home buyer, its important for you to be working with a Realtor who is knowledgeable about this and other issues that will arise as you go through y

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