Get a Clue and Get a CLUE Report for Your Colorado Home

Get a Clue and Get a CLUE Report for Your Colorado Home

Did you know that “get a clue” has a whole different meaning in the real

estate industry than it does anywhere else? If you’re talking to a Colorado homeowners insurance provider and they tell you to get a clue they’re probably not talking about your intelligence! They’re talking about picking up the phone or going online and getting the CLUE report for your Colorado home.

Relax, this isn’t Blue’s Clues for grown-ups…that’s what we have CSI for! Your CLUE report tells your homeowners insurance provider, lender, realtor, attorney and anyone else who thinks they need to know all of the homeowners insurance claims that have been filed by you and/or your property in the last seven years. Think of it as a Carfax report for your home-it lets your insurance provider know what problems you and your home have had in the past and, by default, what problems they can expect you to have in the future.

Why would your Colorado homeowners insurance provider want you to get a CLUE? That’s an easy one. Have you ever met an insurance provider that wanted to pay out more in claims than they collect in premiums each year? Yeah, neither have we, and we talk to a LOT of insurers! Your CLUE report is an early warning system for your homeowners insurance provider, letting them know what claims they can expect to pay out while your home is insured and helping them determine how much it’s going to cost you to insure your home-and whether they want to insure it at all.

What’s In a CLUE Report?

The contents of your CLUE report are going to have information about your history and your property, including your name, birthday, current and previous address and information on any homeowners insurance claims you’ve filed for this or other properties in the past seven years. It will also have any claims information filed for your home by you or past owners, including:

· The date of the claim.

· The insurance company involved.

· The policy number at the time of the claim.

· The address of the property (if it was a claim you filed for a previous home or rental before packing your bags and hitting the highway).

· The cause of the loss.

· The amount(s) paid.

· The status of the claim.

· The name of the person who filed the claim (if previous owners were involved).

· Anyone who has received a copy of your CLUE report over the last two years.

Many people are surprised to realize that anytime they decided to reach out and contact their insurance representative for information the details go on their CLUE report, even if they decided not to file a claim. It pays to think twice before filing a claim for every bump and bruise your home gets!

How Do You Get Your CLUE Report?

Every CLUE report after the first will cost you $9.00 via standard mail and $12.95 electronically.

Your CLUE report can only be obtained for the property you’re currently residing at and can be purchased through ChoiceTrust through ChoicePoint via their website or by snail mail. The good news is, since you live in Colorado you’re entitled to receive one free CLUE report each year to keep you up to date and a free copy of the report if you’re denied coverage by a Colorado insurance provider or your premiums are inexplicably raised as long as you request it within 60 days of the “event”.

Your CLUE report is going to be very, very important when it comes to determining the cost of your homeowners insurance, so it pays to know what’s on it! Since you live in Colorado the first copy of your report isn’t going to cost you a thing, so pick up the phone, log in to ChoiceTrust and get a CLUE!

**A quick note: Since ChoicePoint is considered to be a consumer reporting agency under the Federal Fair Credit Reporting Act you’re entitled to dispute any claims noted on your report; however, it will be the insurance company that ultimately determines whether the claim was a mistake or was actually filed, so double check your paperwork before filing your complaint.**

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