CLUE Report

When loan underwriters and insurance providers say, “how much should I charge this mope?” and LexisNexis says, “Get a CLUE!” Um...say what?

Okay, a little more detail...A CLUE report stands for Comprehensive Loss Underwriting Exchange report, which can be pulled off of a service known as LexisNexis. The report shows all auto and property claims (and their details) for a person that have taken place over the previous seven years. So, if you've filed a claim with insurance in the past few years, it’ll be on your CLUE report.

Insurance companies use CLUE reports as one of many factors that help determine your premiums (what you pay every month for insurance). If you appear claim-happy on your CLUE report, you can expect high monthly premiums.