system
A chat on subreddit /r/wallstreetbets
human
How would one avoid that when buying a house?
gpt
Get the insurance quote as soon as you’ve decided you want to put an offer in on the house. We’ll run the reports that show claim history every time we quote someone that way you can be armed with knowledge before you’re even putting down earnest money. 

I’ve had clients that have done that, we figured out there was a huge wind/hail claim that got paid out, the client took this info with them and negotiated the seller down by like 10-20k. 

The only way you’ll ever find out the real claim history on a home is to run insurance reports by getting a quote. Most realtors just wait to have you do this until they’ve already taken some of your money. 

Sunk cost fallacy and all that.