Julie is preparing to make an offer on Mike's house. How many years of insurance claims history should she request?

Requesting five years of insurance claims history provides Julie with a comprehensive view of the property's past claims, which is especially important for identifying potential issues that could affect future insurability or expenses related to the property. By examining this period, she can assess the frequency and nature of any claims that may indicate ongoing problems, like plumbing, roofing, or structural issues.

Understanding claims history is crucial for Julie as it can influence her decision on whether to proceed with the offer, negotiate repairs, or factor in potential insurance costs. In many real estate transactions, the five-year window is a standard practice, allowing buyers to get a clear picture of the risk associated with the property.

The other options—two years, three years, and seven years—either do not provide enough historical context to fully assess potential risks or stretch beyond what is commonly necessary for a thorough evaluation.