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What is title insurance for?

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โˆ™ 2009-01-18 04:36:05

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Title insurance protects you against hidden problems with the ownership of the property, i.e. if the seller doesn't have full rights to sell. It insures that there are no liens or mortgages left unsatisfied on the property. When a buyer purchases a property, title insurance protects them from any claims of ownership, lien, or mortgage placed on the property before the buyer takes title to the property. If the information upon which the title insurance is based is incorrect, and a claim is asserted against your ownership of the home, then the policy indemnifies or protects you from experiencing a financial loss directly attributable to a claim that is covered by the policy.

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โˆ™ 2009-01-18 04:36:05
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Related questions

What is a title insurance producer?

Generally speaking, a title insurance producer is the same as a title insurance agent.


Who are the largest Title Insurance companies in the US?

First American Title Insurance Company Fidelity National Financial Stewart Title Insurance Guaranty Old Republic Title Insurance Company North American Title Insurance Company Chicago Title Insurance Company


Do title insurance companies employ title examiners?

Title examiners are typically employed by title insurance companies


What does the term title insurance mean?

The term title insurance means insurance that covers the loss of an interest in a property due to legal defects and that is required if the property is under mortgage. Most title insurance is lender's title insurance.


Does homeowners insurance cover the lenders title insurance?

No it does not. Lenders Title insurance is a whole other form of coverage


How much does Title Insurance cost in Ohio?

who pays title insurance when selling a home


Why do title insurance company's ask if a new title insurance request ask if it is a refinance?

Title insurance rates vary depending on if the transaction is a purchase or a refinance


Where could one find a title insurance calculator?

One could find a title insurance calculator in many different places. Some of the places in which one can find a title insurance calculator is from an insurance place like Republic Title.


How do you get a title search done?

All of the title insurance underwriter as well as many many title agencies have websites that can direct you to a local agency in your state/county/community. Simply keyword into your web browser: title insurance search, title insurance, or title insurance companies. Many title insurance underwriters and agencies will pop up. A title search or Report on Title is a search and compilation of filed public records. A title insurance POLICY insures against acts & deeds of previous owners up until the time you take title/deed to the property.


Can title insurance be purchased after the closing?

If title insurance is not purchased at closing, then it can be purchased later. Generally a title insurance policy can be issued within 14 days of the closing.


Who is the largest title insurance company in the US?

As of 2011 the largest title insurance company by premium volume in the United States is First American Title Insurance Company.


Where can you get title insurance quotes?

You can get title insurance quotes from by doing a search on google or other search engines for title insurance and visiting one of the websites that offer title insurance quotes. There are some companies that will give you multiple title insurance quotes from more than one company by filling out just one form, and there are other companies that offer you one quote from their company. It is a good idea to shop around for title insurance companies and this is a great way to find and compare title companies and title insurance costs.

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