Your Home’s Secret History

You know those dramas where two people have been living together for a long time, and one person finds out that their partner has been living under a secret identity that they knew nothing about? Well, you could add a third party into that mix, your home. Your home might have a secret history that you do not even know about, and it could end up hurting you. What can you do about this secret history so that it does not come back to harm you? You need to make sure that you know what you can do to have a solid relationship with your home that is not based on secrets. Take your time and really figure this out.

CLUE Database

Did you know that there is a large industry database that insurers have begun to use? This is called the CLUE database. CLUE stands for Comprehensive Loss Underwriting Exchange. This database can be used by the insurers in order to deny you coverage. This would be based on your home’s history of claims or other damage reports that might have come about. This is a factor because insurance companies are always worried about the condition of homes that they might be forced to get money to at a later period from damage.

Not Many People Know About This

This is not something that people even knew existed, and that is causing troubles. People are beginning to learn about the history of their home that they did not even know about. Some people have not filed a claim on their house in the 10 years they have been there, only to find out about the damage that took place before they moved in. The CLUE database is something that is used by insurers but might not reflect your ownership in the home. That is why you also need to take a look and see what this database says about your house.

What You Can Do

The first thing you need to do is get a copy of your CLUE report and make sure that there are no surprises on it. From then on you should only talk to your insurer about troubles that will result in a claim. You do not want to worry them with minor problems that could end up being a nonissue. This will just remain in the heads of the insurance company and it could end up costing you down the road. Finally, you need to always make sure that your home is in the best condition possible. This is obviously, so make sure you do it.

Additional Resources:

• 10 Ways to NOT Sell Your House
• 6 Expert Real Estate Tips

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