Housefax Launches First Property Insurance Claims Report for Homebuyers - WDRB 41 Louisville News

Housefax Launches First Property Insurance Claims Report for Homebuyers

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Homebuyers Can Now Access Insurance Claims History Once Limited to Insurance Companies and Homeowners

Haymarket, VA (PRWEB) June 24, 2014

Housefax, the leading provider of property-specific history reports, today announced the first-to-market online service for homebuyers to access a propertys insurance loss history, including both claims and inquiries, without revealing personal information of the homeowner. The Housefax Insurance Claims Report includes a five-year history of insurance claims made on consumer-owned and bank-owned properties.

Adding insurance claims was a natural extension of Housefaxs mission to arm consumers with the most inclusive data set available before making an offer on a property, said Housefax CEO Eddy Lang. We wanted to do it the right way with proper authorization procedures in place to comply with federal FCRA guidelines and to protect the privacy of the homeowner.

Win-win: Insurance Claims Information Revealed Prior to Closing; Homeowners Privacy Protected
The Housefax Insurance Claims Report captures five years of loss history at a given house address. For example, a typical claim on roof damage from a hailstorm would include the insurance companys name and policy number, date, type of loss and the amount paid out. Housefax Insurance Claims Reports are priced at $19 as a supplement to the Housefax Property History Report, which consumers can download for $59 online at housefax.com. Information specific to the homeowner is purposely omitted in the insurance claims report to protect their identity.

Authorization Process: Housefax Takes Care of Contacting the Homeowner
Obtaining insurance claims information is akin to requesting a credit report, which is why the federal Fair Credit Reporting Act* (FCRA) requires direct authorization from the homeowner for the information to be released. Customers can request a Housefax Insurance Claims Report through Housefaxs new automated process whereby Housefax will contact the homeowner for approval. The approval is valid for a 10-day period to download a report under proper FCRA guidelines. Housefax expects most homeowners to cooperate as these reports may help sell their properties.

With information contained in a Housefax Insurance Claims Report, I can work with my clients to piece together the puzzle on a propertys true history, said Andy Powell Pierobon, a 29-year Virginia real estate veteran with RE/MAX Premier. Its peace of mind that is well worth the reports price point.

About Housefax
Housefax is the recognized and trusted source by homebuyers and sellers for accurate, fast and affordable online property-specific history reports. Founded in 2002 in Haymarket, VA, Housefax launched the Housefax Property History Report, the first comprehensive history of a home for buyers and sellers, real estate agents and industry professionals that delivers comprehensive home reports including building permits, mortgage information, insurance claims, fire, flood, catastrophic history and other residential property details. For more information and to view a sample report, visit housefax.com.

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*In an effort to protect consumers, Housefax has implemented various digital, voice and offline authorization capabilities to ensure compliance with Fair Credit Reporting Act (FCRA) regulations that require seller authorization prior to releasing insurance claims information on a property.

For the original version on PRWeb visit: http://www.prweb.com/releases/2014/06/prweb11969366.htm

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