Dropped off by insurance companies
Why do most people complain about insurance companies dropping them? Most insurance companies share claims with other companies by use of a database called the Comprehensive Loss Underwriting Exchange. When applying for coverage, an insurer reads the CLUE report to learn of the applying person’s claims history. Information on reports usually remain up to 5 years.
Insurers say that even small claims could cost them a lot in expenses concerning administration, so they’re quick to drop customers who file them. Companies are especially leery of water-related claims because they could lead to more damage in the future. Water leans usually indicate poor maintenance.