Do you check Insurance claims as part of due diligence?

[Kranti K.]

Is there a place to check insurance claims made on a property? Do you check the past claims as part of your due diligence? Will the past claims effect your future insurance costs after the purchase?

[Tim Puffer]

Insurance brokers can typically see prior claims on a property on what's called a CLUE report. The problem though is that not all insurance companies will report claims to CLUE to have them tracked. So there is no use is trying to track prior claims. Do your due diligence and inspections and you will be fine!