You check your credit report, but what about your C.L.U.E report?

Most individuals who are somewhat savvy with money know that it’s a good idea to check their credit report at least once a year, but have no idea that there’s a similar styled reports which determine if you can qualify for homeowners insurance, life insurance, automobile insurance, and health insurance. Just like you check your credit report on a regular basis, you have to check these reports from the Comprehensive Loss Underwriting Exchange to make sure that no inaccurate data is being published; otherwise you could find yourself wrongfully turned down for a vital piece of insurance.

Because of the Fair and Accurate Credit Transactions Act of 2003, Americans have the right to obtain their C.L.U.E reports every year just as they can with their credit reports. ChoicePoint has setup a website called www.ChoiceTrust.com which will enable you to check out your personal home, personal auto and personal health insurance on a yearly basis. You’ll have to fill out a few simple forms and provide your Social Security number, and then they’ll provide you those reports for free.

Once you get your report, you’ll see a listing of all of the claims you’ve had on your various insurances in the last five years. These will be things such as stays in the hospital, car accident claims, home-owner’s insurance claims and the like. You should carefully look at each of your reports to make sure that there isn’t anything that was accidentally put on your report that isn’t yours, or that something of yours wasn’t reported properly.

If you find a mistake on your C.L.U.E report, you can contact ChoicePoint at 866-718-7864 and report the item as inaccurate. ChoicePoint will take your complaint, try to verify the information with the insurance company or other organization that reported it, and then get back to you within 30 days of what they found out.

It’s very important to make sure that your C.L.U.E report is accurate, if there are claims on there that aren’t yours, you could look a lot less beneficial to potential insurers, meaning that you might get turned down for health insurance, automobile insurance, homeowner’s insurance, or life insurance.