What is a C.L.U.E. report? It stands for Comprehensive Loss Underwriting Exchange report. It is basically a auto insurance claim history report. This report includes a seven year history of losses associated to an insured property such as a car or home. For an automobile, the C.L.U.E. report shows insurance losses associated to the owner. This report includes date of loss, loss type, loss status, and amount paid along with other general information such as policy number, policy type, address, claim number and insurance company name. It also includes a short description of the property covered by the insurance. This report is used by the insurance companies when they are preparing an insurance policy.
When you are selling your old car and you want to show your potential customers the history of the car, this report will be helpful as a selling tool. This report will show the past damages that have been reported to the insurance companies.
If you want to buy an old vehicle, you can ask the seller to get a C.L.U.E. report. If the owner of the vehicle did not claim for damage, it will not be reflected in the report.
The C.L.U.E. report can also show if any wrong damage information is associated to your car. This will give you the opportunity to correct the information.
It should be noted here that only the owner of insured property or an insurance company has access to the C.L.U.E. report.
You can get a free C.L.U.E. report from LexisNexis.