Do You Know Your C.L.U.E.® Score?
January 6th, 2010 by Martha McDonnell
Do You Know Your Insurance C.L.U.E.® Score?
Like a credit score, when applying for home owners insurance ( hazard & content), the carrier is going to determine your risk level, as will a future employer. A variety of entities are applied to a statistical model that compiles the score. They will look at all three credit reports and search public records for bankruptcies, foreclosures, tax liens, arrests and the like. Some Insurance carriers do not use C.L.U.E. but have developed their own in house scoring method. Like your credit score, make sure you know your C.L.U.E. score, you could be denied coverage on the new home you want to buy! No home owners insurence no mortgage!
Martha McDonnell
Lois Schneider Realtor
