Many insurance companies use C.L.U.E. Reporting services ChoicePoint, Some insurance agents have found this service confusing to their insured and in some cases penalizing in an unforgiving way by increasing their insurance premium.
The error ratio with C.L.U.E. reports in many cases are very high and at times, at an astounding rate. Some examples, incorrect drivers data information, incorrect household membership information, incorrect vehicle ownership information and incorrect drivers in household. To start some companies are beginning to cull this information with credit scoring to help increase insurance rates of unsuspecting insured.
C.L.U.E. Reports are mostly a reckless endangerments with many errors, much clutter, misinformation, mistakes, confusion, causing Insurance rates to increase, all with a lengthy and many times no way to clear up your account or records stored at ChoicePoint and LexisNexis.
Can an insurance company use loss history from the prior owner of a home in determining my eligibility to get insurance on the home?
If a company can show a relationship between the prior owners loss and the probability of a future loss to the home, they may use the information. There are no laws that specifically govern the use of the prior owners loss history in determining your eligibility for coverage.
Under the Federal Credit Reporting Act you can request a copy of your C.L.U.E. report from LexisNexis (R) Toll Free at 1-866-312-8076 or by visiting Https://personalreports.lexisnexis.com. To obtain a copy of the ChoicePoint insurance claim report (Comprehensive Loss Underwriting Exchange, commonly know as a C.L.U.E. report Call 1-866-312-8076. or visit ChoicePoint reports about you website. Https://choicepoint.com/consumer/index.html.
At Eastern Insurance Inc. we offer affordable insurance rates with no credit scoring or the clutter of a C.L.U.E. report.
By Joe Chapman 7/16/2013