Updated over 9 years ago on . Most recent reply
Got a C.L.U.E?
As a new REI, and current Insurance Agent, I am really curious to know if anyone investigates their property loss history when analyzing deals.
Daily, I answer many insurance questions and I occasionally come across some Homeowners policies that are impacted by something discovered on a property C.L.U.E. report. Usually, this results in the policy rate increasing.
How many of you review the loss history on a home? Do you take this into consideration when analyzing a property? And are you currently in the habit of asking potential sellers if they have had any losses in the last 5 years?