It is a big surprise to many people that their home’s past can have a significant impact on the amount that they pay for insurance. If the previous owner of your home filed insurance claims in the past, your premium may be higher than a comparative home with no claim history. This is due to the fact that home insurance claims are entered into a database that that all insurance companies have access to.The Comprehensive Loss Underwriting Exchange (CLUE) provides a report that collects data from 7 years back which insurance companies use to determine the rates of premiums.
Unfortunately, the history of claims stays with the property and over 90% of Americans don’t know these reports even exist.
Contact us before you file any home insurance claim. Whether it is for fire damage, flood damage, or mold damage, our public adjusters cover Miami, Broward, Palm Beach, and the entire South Florida area.