Loss history reports play a crucial role in the insurance system. Insurance companies might check your A-PLUS loss history report, for example, or your C.L.U.E. report to assess your risk as a policyholder.
What is an A-PLUS auto loss history report? Today, we’re explaining everything you need to know about loss reports and insurance.
What is a Loss History Report?
A loss history report is a record of insurance losses associated with a policyholder or a property (like a home or a car). These reports explain the type of loss that occurred, the date of the loss, and the amount of damages recorded for that loss.
The information in a loss history report typically dates back five to seven years. If you have made any home or car insurance claims in the last five years, then these claims would appear on your auto loss history report.
It’s important to remember that loss history reports follow the house and the car. If you want to know if a vehicle has been involved in multiple accidents, for example, then you could check its loss history report. An insurance company might check a house’s claims history to see if it’s risky to insure.
Although loss history reports follow the home or vehicle, insurers can also use loss history databases to get data about the policyholder. If you have made multiple claims across multiple houses and cars, for example, then the insurance company will see that in the database.
Where Does Loss Information Come From?
All insurance companies report losses to central databases. Most insurers report claims to the Comprehensive Loss Underwriting Exchange (C.L.U.E.), for example, which keeps track of claims for five years.
Some insurance companies also use the A-PLUS database (or both databases), which provides similar information but as a separate organization from C.L.U.E.
What is an A-PLUS Auto Loss History Report?
The A-PLUS auto database contains information on more than 131 million claims or about 92% of all claims made in the United States every year.
The database has broad search capabilities for insurance companies. Before selling an insurance policy to someone, insurance companies will use the A-PLUS auto loss history database to:
- Identify previous claims filed by the potential insured individual
- Identify previous claims filed by other individuals about the insured or the vehicles to be insured
The report includes information about all types of claims, including:
Each report provides up to seven years of loss history data. It’s all summarized for your insurance company in an easy-to-read report.
What Information Do Insurers See On an A-PLUS Auto Loss History Report?
Each A-PLUS auto loss history report provides complete information about an individual’s claims history going back seven years.
Or, the report can provide complete information about a home or vehicle’s claims history going back seven years.
A personal A-PLUS auto loss history report contains complete information about a specific individual, including any claims made by that individual over the past seven years. The report also includes claims made about that individual on behalf of other parties. If you crashed your dad’s SUV, for example, and your dad made an insurance claim, then this claim will appear on the report.
Other information available on the personal A-PLUS auto loss history report includes:
- Name and any aliases
- Date of birth
- Current address and any previous addresses
- Previous policy numbers
- At-fault driver information
- Loss date, including the date the last loss occurred and the length of time since that loss
- Loss amount, which is the amount the insurance company paid on the loss
- Loss type, which shows all loss types relating to the claim
- Policy type, which is the type of policy under which the loss was paid
- Claim status (open, closed, subrogation, salvage, did not meet deductible, peril not covered, withdrawn)
- VIN #s of any vehicles
It’s important to note that the report includes all claims and claim numbers made by a policyholder – even if the policyholder eventually withdrew the claim. Many insurance companies will give your case a claim number immediately after you call, for example. Don’t be surprised if you see some unexpected claims appear on your report.
A-PLUS loss history reports can also be about a specific vehicle or home. These reports will include all information about claims made for that vehicle or home over the past seven years. If the previous homeowner filed a claim for a damaged roof four years ago, for example, then your insurance company will discover this information from the A-PLUS loss history report, and this information will be used to assess your risk.
What’s the Difference Between an A-PLUS Report and a C.L.U.E. Report?
Both an A-PLUS report and a C.L.U.E. report contain information about either an insured individual or a property (like a vehicle or home).
Both reports contain general information about the insured, including the name, birth date, sex, and current and previous addresses of the insured.
Both reports also show all claims made over the last seven years, including the type of claim, the value of the claim, and the current status of the claim.
There are some minor differences between the two reports. A C.L.U.E. report, for example, identifies any parties that have received a copy of the report over the past two years.
There are two types of A-PLUS auto loss history reports. First, an A-PLUS auto loss history report can list an individual’s claim history over the past seven years. Or, a report can list all claims made on a specific vehicle over the past seven years. Insurance companies may request a copy of the A-PLUS report or C.L.U.E. report when you apply for car insurance.