Was listening to Clark Howard this morning and learned something! Thought I'd pass it along here. First, like your credit report, there may also be a "health report" on you. A company called MIB collects the information which insurance providers use to determine what type of risk you are to insure. Like your credit report, you are able to obtain a free copy of your MIB report each year. Also, you can obtain a copy if you have been turned down for insurance. Checking your report for wrong information may be a good idea, prior to applying for insurance. Here's the link to the MIB website: http://www.mib.com/html/request_your_record.html Your house has a record! And so does your car! Property insurance companies keep track of the number of claims that are made in a C.L.U.E. report which can be obtained from ChoiceTrust.com. As you may have guessed, this data is available to determine what type of risk you are to insure. Lots of claims, higher premiums! Apparently they also use this data to track the number of claims on a particular structure, like a house. In other words, if you buy a house that has a history of home owner insurance claims, you may be paying more for your insurance. You can request your C.L.U.E. report here: http://www.choicetrust.com/servlet/com.kx.cs.servlets.CsServlet?channel=welcome&subchannel=clue
