Refer A FriendHome Page

Home Insurance Questions

Get a CLUE …. Report

Recently, my friend and Realtor extraordinaire, Matthew Coates , wrote a post on his blog titled “What Happens during the Home Inspection Period?”  Read it here.  In it, he suggests that the Seller provide a CLUE report to the Buyer during the inspection period.  This is always a good practice.  The Seller can quickly obtain his CLUE report, for FREE, by going to
LexisNexis.  The report is helpful for the buyer to verify and validate what is contained in the SPDS (Seller’s Property Disclosure Statement).  

Unfortunately, this may not be enough to get the home sold.  Why?  Because most insurance companies don’t factor or give much weight to the claim history of the property being purchased but they do give careful consideration to the claim history of the person(s) buying the property.   

Let’s say I’m buying a property and that property has a water claim in the last three years but I’ve had three claims on a home that I just sold.  My past claim history could blow up this sale because I might not qualify for standard insurance or, if I do, the premium may be significantly higher which could have an adverse impact on my ability to get the loan I need on the new property.   

So, during the inspection period, if you’re the Buyer, be sure to contact your insurance agent to get your home fully underwritten with all the facts, including details in your insurance CLUE Report, so you can be confident that you'll close on your new dream home. 

Author: Richard Morris

<emRichard Morris, an independent insurance agent in Chandler, Arizona, has been serving and helping Arizona families with all their insurance needs for over 23 years. Visit his website at to see all the ways he can help you with your insurance needs or call the office at (480) 336-2707 or toll free at (888) 907-9349. Connect with Rich on Google+ and Twitter.
Share |

No Comments

Post a Comment
Required (Not Displayed)

All comments are moderated and stripped of HTML.
Submission Validation
Change the CAPTCHA codeSpeak the CAPTCHA code
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010

View Mobile Version
Social Media
HELPFUL LINKS: Home About Us Get A Quote Blog Contact Us

Agency Location: 1090 S Gilbert Rd Ste 106-157, Gilbert, AZ 85296
Love someone? Live somewhere? Drive something? We can insure that!
© Copyright Southwest Premier Insurance Agency LLC. All rights reserved. Powered by Insurance Website Builder
Automobile Insurance Homeowners Insurance Life Insurance Business Insurance
Find Us on Facebook Follow Us on Twitter Connect With Us On LinkedIn YouTube Google+