What Does CLUE Report Mean?
A CLUE report is an insurance claim report for a specific property. These reports are generated by the Comprehensive Loss Underwriting Exchange.
Insuranceopedia Explains CLUE Report
CLUE reports list the claims that have been filed for the property in question within the last seven years. They indicate when the losses occurred, the amount paid for them, and other relevant information.
The number of claims that have been filed for a piece of property, along with the severity of the losses, can be highly relevant for determining premium rates. If a CLUE report lists a large number of claims on a given property, insurers are likely to deem it risky to insure.
Homes and automobiles are two assets that are commonly researched using CLUE reports.