If you have a claim on your car….then sell the car after it’s been repaired….do you get a clean slate?

No.

The claim will remain on your CLUE report.

When you go to apply for a new policy with a different company and it asks if you have had prior claims…you still have to list the claim on the new policy application.

It actually follows both. Anytime you submit a claim on your homeowners insurance (or your automobile insurance) it goes on your individual CLUE Report (Comprehensive Loss Underwriting Exchange) which is a service that is run by Choicepoint and used by insurance companies to keep and share records of claims. This information is accessed by using your identifying information, full name, date of birth, social security number & address. The report provides 7 years worth of records of claims that you have reported–insurance companies can only legally use 3 to 5 years record depending on your state regulations. You can find additional information about CLUE by accessing this website https://www.choicetrust.com/servlet/com.kx.cs.servlets.CsServlet?channel=welcome&subchannel=clue.

There is another company that also provides this type of information A-plus however it is not as widely used.

Even though the claim goes on the record of the person who submitted the claim, it does also stay on the property, i.e. when a claim report is pulled it provides information on the subject (the person who submitted the claim) and on the risk (which is the property which is being considered for insurance). Underwriters will generally use information with regards to the risk to 1) make sure that any damage from the stated claim was repaired and 2) if they see a pattern of the same types of repeated claims they can either request specific underwriting requirements in order to write the risk or refuse to write the risk because of the property’s risk factors. For example if the report shows repeated water claims–they will ask what caused these and if the cause has been corrected, if the property has several theft claims–they will ask that the new client install a central station alarms system.

If you have submitted a claim, you will not have a clean slate in terms of CLUE for seven years and in terms of underwriting, it is the amount of time that is specified by your state which is usually 3 to 5 years. Therefore, whenever you submit an application for any type of insurance, you need to inform the company of any claim that you submitted. If an applicant fails to truthfully provide this information, their application can be rejected or if a policy has already been issued the policy can be cancelled for misrepresentation–which is very serious or result in the denial of coverage at the time of a new claim.

I hope this information helps. Good Luck!

Actually, it follows both. Google "CLUE Report."