![]() Hey Volusia County...in case you live under a bridge and were unaware of this fact...we just had a hurricane. No kidding, I swear! His name was Matthew and he was pretty angry. Although not as angry as CNN was reporting. (At least not in Florida) There were, however, lots of roofs damaged, fences down and trees uprooted. Most importantly, there were a lot of insurance claims. Kevin and I were lucky, the damage was minimal and the cost to fix the damage was less than our deductible, so no claim was made, but a lot of other people were not as lucky. Insurance claims after a hurricane are to be expected, but did you know that every claim you make to your insurance company is recorded and insurers use the home's past claims history as a basis to determine new policy amounts? So every claim that you make today will adversely affect the amount that future owners of your house have to pay. Hey future buyers...are you paying attention here? Many insurers use CLUE (Comprehensive Loss Underwriting Exchange) to report and check the claims history of homes. Yet only 14% of buyers have ever heard of it, and even less ever think to ask seller’s for a copy of their CLUE report. Only the owners can obtain a copy of a properties CLUE report which you can receive for free every 12 months. ![]() The CLUE report saves data for up to seven years and is a great tool for buyers because it reveals prior claims that could be potential risks. It also helps sellers provide accurate disclosure to buyer’s. So, if you were one of the 86% of people that had no idea what a CLUE report was, or that that information was kept and compiled to use against you or future buyers later, now you know. Keep that in mind the next time you are in the market to buy a new home. You’ll be glad you asked.
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