Loss Report

Updated: 29 February 2024

What Does Loss Report Mean?

Loss reports are insurance reports commonly prepared for auto, homeowners' and renters' policies that list information such as date of occurrence, type of claim, amount paid, and amount reserved for each claim as of the report's valuation date. If no claims have been made on any given policy, a loss report should still be issued that reflects this.

Loss reports are also known as loss history reports.

Insuranceopedia Explains Loss Report

Loss reports are posted to a database called the Comprehensive Loss Underwriting Exchange (CLUE), which is available through LexisNexis. If you are in the process of buying a home, it’s not a bad idea to obtain the loss history reports on any houses you get serious about buying. Under the law, one report per year can be obtained for free. The reports could indicate potential problem areas in the structure that you might want to have inspected by a professional, such as a contractor, before you buy. Claims do not remain on file indefinitely, but are removed after a period of time that is usually between five and seven years.


Loss History Report

Related Reading

Go back to top