Database of insurance claims against a property

[Tiffany Chandler]

Hi! I was told that there is a website to find out what insurance claims have been made against a property. Ever heard of this?

[John Mocker]

Tiffany,

There is an Exchange called CLUE.  Companies voluntarily contribute the claims info to the exchange.  Then companies can run reports that search claims information on a property address and/or insurance customer.  As agents, we can't access the exchange directly but when we rate up the house in a particular company we run reports before finalizing the sale.

I usually recommend to my clients that they ask the current owners if they have had any claims in the past 5 years and what happened.   If you really have the upperhand in the negotiations you can ask them to get a loss history (Called "Loss Runs") from the current agent.