Title Insurance

Do you need to purchase owners title insurance?


Top Answer
User Avatar
Wiki User
2007-05-16 03:37:47
2007-05-16 03:37:47

It is normally a condition of most real estate sales contracts, or the lender providing the funds.

User Avatar

Related Questions

No. Title insurance only covers the person who purchased the policy. You would need to purchase your own title insurance policy.

The only time you would not need it is if your personal auto insurance policy already covers you for your business use. If they would not cover then you need to purchase commercial insurance for that vehicle.

You can learn about Title Insurance through your bank, if you are taking a loan out for a mortgage on your house, then you will need to make sure you have Title Insurance. You can also learn about whether you need it or want it through Title Insurance agencies that offer information about this specifically.

No, you do not need to purchase insurance. Football is a common sport, and you do not need insurance for it. As long as you have medical insurance, you will be alright.

You do not need to be part of a group to purchase individual dental insurance. You can purchase dental insurance at and

Title insurance costs are regional. You need to contact a title insurance company in your area. You will need to have a professional title examination done to get an owner's policy. The title insurance company can refer you to an agent. There aren't any other options that I know of.

You do need to have insurance to actually purchase an auto. You will however need auto insurance to drive the car off of the lot. Insurance is also required prior to registering a vehicle.

Auto auctions are generally not required by law to purchase insurance but it is up to the individual to purchase insurance if they so choose for themselves.

You will have to buy auto insurance on the care before you can transfer the title.

There are no laws requiring a person to take out title insurance on their property. However, it's wise to, at the very least, have a Report on Title (Search only) done on the property before you purchase. This is not title insurance, but a compliation of all searches for existing deeds, mortgages, liens, status of municipal liens, easements, restrictions, etc. After obtaining the Report on Title, you can decide if you are comfortable with the property status to proceed with or without getting an Owner's Policy to protect you against the history of the property as to all of the above.

The company you are renting the bus from should have the insurance. You do not need to purchase insurance from a separate company.

You should go back to the attorney who represented you at your closing. You paid to have the title examined as part of your closing costs. If you purchased an owner's title insurance policy the attorney will make a claim for you through her/his title insurance representative. If you did not purchase your own policy then you will need to make a claim against the attorney's malpractice insurance. The insurance companies will decide whether you suffered any damages by not knowing of the easement prior to your purchase. You may want to consult with an unbiased attorney who can review your situation and determine what your options are.

Ask your insurance company. It is likely that you parents will need to be the owners.

If you need an SR22 and do not own a vehicle, You can purchase a Non-Owners Insurance Policy with an SR22 filing and still be in compliance with your state ordered SR22 filing.

You need title insurance to protect your title, but the person who SOLD you the warranty deed should pay for the insurance and provide proof that he or she has obtained title insurance that will pay the costs they will incur if the title is defective.Otherwise, you're stuck with a worthless warranty deed and may be left trying to sue the seller who has no money to pay for anything, let alone restitution or other damages.

You will need non-owners insurance. Most companies offer this. This is for people without regular access to a vehicle.

You cannot. Once branded salvage or totaled, the title remains as such. There are illegal ways to convert a branded title (called title washing) but no legal way. Sorry! It depends on what you are really asking with your question. It is true that once the brand is on the vehicle that it was salvaged it will remain on the vehicle forever. But if you mean converting from a salvage title to a salvage rebuilt title which looks like a "clean title" but still has the brand on it that is different. If you live in Texas you will need a rebuilt affidavit completed by the owner and the person who made the repairs, you will need the title completed by the new owner and the salvage dealer or insurance company that sold them the vehicle, you will also need the form 130u which is on the txdot website completed by the dealer or insurance company and the new owner, and the new owners insurance. Please call me if you need help 2815363857 or email me at

Goto your local DMV and request a duplicate title.

You will have to earn it, or save by diligently cutting out any nonessentials for a period of time. If you don't have insurance, you cannot register the car. And, with a new car, you definitely need to have insurance.

If you are starting a title insurance COMPANY, the actual entity that is an insurance carrier (think 1st American, Chicago, etc.), you will need to contact the Arkansas Department of Insurance as to what their guidelines, reserves, etc. are for becoming a carrier in the state of Arkansas. If you are starting a title insurance AGENCY, the local entity that has a agency agreement with a title insurance COMPANY to sell their insurance products. Please note that a title AGENCY is not the same as a title COMPANY or title UNDERWRITING COMPANY. See the Related Links for more information.

The process requires that you be bonded and to be bonded you need to demonstrate the experience to search through the county archives for title problems. Anyone in Utah who would use your service to perform a title search would demand title insurance, and title insurance companies will not work with you if you don't have the experience. That means you'll need to work for a title insurance company long enough to get the experience to get the bond.

The lender requires a policy at time of purchase or refinance to protect itself, but this policy provides no coverage whatsoever for the owner in case of a title defect. The owner should purchase an owner's policy at the time they buy the house to cover their interest. They will not need to purchase another owner's policy when they refinance. The policy will cover them as long as they own the house. Added by Title Geek: The OWNER'S policy covers/discovers the history of owner's in the property as well as identifies easements, condition, prior agreements, rights of ways and many other matters affecting the property. The Owner's policy insures to the date you purchased and recorded the new deed into your name. It does not cover YOUR acts after you have purchased the property. The MORTGAGE policy covers the Lender's financial interest into the property. All lender's require mortgage title insurance on a purchase or refinance to cover their financial interest in the property. They will require updated coverage on a Mortgage Modification. In many cases, they waive title insurance on a Home Equity Line of Credit (HELOC), based on the amount of the HELOC. Typically, if the HELOC is less than $50,000.00, they may not require title coverage.

You need to have uninsured motorist insurance as a rider on your insurance. If not you will have to sue the uninsured driver.

Copyright ยฉ 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.