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c.l.u.e. -- insurance

Old 09-06-2015, 06:17 AM
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When surfing the web it isn't hard to find chat rooms with insurance threads. Many questioning how rates are established. Almost all insurance companies use c.l.u.e. - comprehensive loss underwriting exchange a LexisNexis Personal Reports company.
c.l.u.e. provides auto and homeowners loss history going back seven years. If you want more info a Google search will help. There are good frequently asked questions and answers at car direct.com. Also you can get a copy of your report from clue. Everyone should!
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Old 09-06-2015, 12:50 PM
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Many factors, age, sex, driving history,credit rating, type of vehicle, distance driven yearly, etc.....
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Old 09-06-2015, 01:03 PM
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Claims are also tracked with the indexing bureau for claims purposes, and sometimes underwriting purposes.

Does B have a propensity to file water damage claims? Does it happen on a frequency basis, i.e. every 4-5 years? Is a different room affected each time? etc.

You really want the inside scoop on why rates are what they are? Ask an actuary. They're the ones setting 'em.
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