Do you have a clue about CLUE reports?

A "clue" report is a report issued by the Comprehensive Loss Underwriting Exchange, or CLUE. It is a clearinghouse of information relating to underwriting factors for issuing insurance policies on homes or other real property.


CLUE reports help an insurance company to decide if they will insure your home. When purchasing a home, contact an insurance agent either before writing an offer or immediately after negotiating a contract. If waiting till the contract is negotiated make sure that the contract is contingent on your being able to get homeowners insurance at an affordable rate.

An insurance company will run 2 CLUE reports before issuing you a policy, one on the property and one on you individually. The one on the property shows every insurance claim made on that property, the amount of the claim and the reason for the claim. The report on the individual shows all the claims that an individual has made over a given period of time.

Have you had any experiences with CLUE reports that have prevented you from getting insurance or either caused you to get insurance quoted at 2 - 3 times the going rate? What were the reasons?

Stop the NC Home Tax!!

Some state lawmakers want to tax the equity in your home.

Bills are now being considered in the North Carolina General Assembly that would force the sellers of new or existing homes to pay a 1% sales tax.

Go to http://www.itsabadidea.org/ to get all the facts. Make tsure to let your legislator know how you feel.

This tax is every time a property sells begining with a piece of raw land and could be whatever % set by the General Assembly.

What are your thoughts?