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Premiums for homeowner insurance continue to sky rocket increasing for greater than the general cost of living as a result of past assaults by Mother Nature like hurricanes, coupled with corporate, economic and stock market jolts . Insurance companies have become very cautious and want to limit risks, especially those involving water damage and mold, insurance companies are looking more diligently at properties they insure and the owners, as well. In some cases, previous insurance claims, coupled with current property damage, can cause a property to be virtually uninsurable in today’s market. If insurance is available, premiums are often three or more times more than previous quotes. CLUE is an acronym for Comprehensive Loss Under-writing Exchange, a national repository for claims and reports about properties and owners. The database was founded by ChoicePoint Asset Company (www.choicetrust.com) and covers a wide scope of risk factors including the number and type of claims filed in the last five years, property condition and statistics like crime frequency. In addition, your credit score can have an impact on your insurance rate. All of these aspects can increase the well as the likelihood that a claim could result. You can view a sample report at www.choicetrust.com/xsl/home/propertyclaims/sample.htm. For $9.00 you can purchase the CLUE report on your property. Go to www.choice-trust.com and click on “CLUE Claims History” under the “Your Home” tab. Your report can also be ordered by mail by sending a check to ChoicePoint Insurance Consumer Center, PO Box 105108, Atlanta, GA, 30348-5108. As with all reports, you may uncover errors that need to be corrected. The company allows you to send your dispute online or by calling a toll free number provided to you on your report. It’s a great idea for home buyers to obtain a report on the property they’re interested in purchasing; however, the seller would need to obtain this report for the buyer since CLUE reports are only provided to the current owner of the property. There’s a request form on the site where a buyer can make this request to the company, which will, in turn, contact the seller. Visit our other Web Sites :
http://www.HollywoodApts.com - Lomar Apartments - Apartment Rentals in Hollywood http://www.GottliebLaw.com - Gottlieb & Gottlieb - Law Offices and Title Company |
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