How to Know if a Property You Are Listing Has Had a Home Insurance Claim on it

Home Insurance Claim

When you are listing a property for a client, knowledge really is power. It is crucial to be able to learn as much about a property that you are listing as possible, even if your client doesn’t have the ability to provide you with all the information you need, either because they don’t know or because they have omitted it. Offers can fall through on inspection when a skilled home inspector comes out and identifies things that your client hasn’t apprised you of.

 

Some examples of potential deal breakers are homes that have electrical problems or homes located in areas prone to floods. Being able to find out all the relevant information on a listing enables you to provide your clients with more value as they will see that you have covered all bases. It helps to identify issues and properly set expectations at the beginning of your client relationship.

Ensuring the above can be accomplished by finding out if a property has had a home insurance claim on it. An Insurance Claims History Report will do just that and many home inspectors request these reports before seeing a home. This enables them to hone-in on things that they should look for when inspecting a home for a buyer. An Insurance Claims History Report can reveal insurance claims for fire, floods and can even tell you if a property has been used as a grow-op.

What begins as a simple act to ensure complete due diligence can quickly morph into a fantastic sales tool. If you request an Insurance Claims History Report on a property that comes up clean, this is information you can share with the real estate sales professionals who represent those buyers interested in your listing. Being able to review a home insurance claims history on a particular property is truly a win-win any way you look at it.

So now the question is how can you request an insurance claims history on a particular property? This is where things get exciting; as a real estate sales professional you likely access GeoWarehouse to perform other searches such as Parcel Registers, or request other reports like the Property Details and Neighbourhood Demographic Reports. Well, now through the GeoWarehouse Store you can request a report by HomeVerified which will review the home insurance claims history on a particular property or even an entire neighbourhood.

Now you can do an even better job for your clients effortlessly. For more information about how you can request a HomeVerfied Report on GeoWarehouse please visit www.geowarehouse.ca or call 1-866-237-5937.