The purpose of a CLUE report is to provide a centralized record of all the insurance claims associated with a specific home or a car insurance policyholder. Home and auto insurance companies use CLUE reports when calculating premiums to determine how much risk is presented by a certain consumer or property.
CLUE is a database run by LexisNexis that records up to seven years of claims information. More than 99% of auto insurance companies and 96% of home insurance companies report claims to CLUE, making it a valuable resource.
Potential home buyers can use CLUE reports to check for recurring issues with a property and to learn about their potential home insurance premiums. Similarly, drivers can use their CLUE report to determine when their old claims will stop affecting their rates. For more information, check out WalletHub's guide to CLUE reports.