Kiplinger Today

Kip Tips

How Insurance Claims Come Back to Haunt You

Cameron Huddleston

Insurance companies share information about your claims history with each other through the Comprehensive Loss Underwriting Exchange (CLUE), and a history of homeowners and auto claims -- even small claims -- can result in a rate hike. If you have too many claims, you may have a tough time qualifying for a policy at all. 

Go to ChoiceTrust and make sure there aren't any mistakes in your CLUE report. Before you buy a home, check out its CLUE report -- even if you've had a spotless claims record, you could have a tough time finding affordable coverage if the previous owners made a lot of claims on the home.

To learn how to save hundreds on auto, home, life and long-term-care premiums.see Slash Your Insurance Costs.


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