insurance

C.L.U.E. stands for the Comprehensive Loss Underwriting Exchange which is a huge database used by the insurance industry to track claims homeowners file against their homeowner’s insurance policies. This information helps insurers of Ventura County real estate avoid fraud and writing policies for people who make excessive claims, but this information also follows the home the claim is made on. Just like having a bad credit record affects your ability to get financing for a home, negative information in the C.L.U.E. database can affect whether or not you can get a homeowners insurance policy and at what price.

Ventura County home buyers should find out