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In Florida, the person who pays for the title insurance gets to pick the title company or title agent. The person paying (buyer or seller) for the owners title insurance policy is specified in your real estate sales/purchase contract. Tradition as to who normally pays for the owners title insurance policy varies according to the county that the property is located, but can always be negotiated between the parties in the contract. In the case of a refinance, you should know that you probably have an existing owners title insurance policy from when you bought your property and you can give a copy of the owners title policy to whoever is handling the title insurance for your refinance so that you will be entitled to a reissue credit. This can save you a significant amount of money. Probably the most important thing to remember is that whoever is paying for the owner's title insurance policy gets to pick the title company. Almost equally important is understanding that you should compare companies so that you can make sure you are getting the best price for title insurance and title-related fees, as well as the best service from a reputable company. Remember not to let someone else (like a realtor or mortgage broker) pick a service that you will be paying for unless you have personally compared their price and service with that of other companies. It is illegal to for a realtor to steer you in the direction of a particular company, and you should be aware that sometimes unethical relationships exist.
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Why is title insurance so expensive?
Actually, considering that owner's policies provide a lifetime of coverage (in terms of defense of title), title insurance is relatively inexpensive. Of course, I don't know what State you are in, and the rates do vary from State to State. Some States' rates are regulated and set by statute, while other States allow agents and customers to negotiate the final rate.
When you refinance a mortgage can you get a refund on title insurance paid on the existing loan either lender's or owner's policies?
In many states, there is a discounted refinance rates for the premium. Ask the title insurance agent who is doing the new Mortgage Policy if you qualify for a discount. There are no discounts that I know of, on an Owner's Policy, since when a new Owner's Policy issued, it means the property and chain of title, has transferred hands.
What kind of policy is Endowment Insurance Policy?
Endowment Insurance policy is life insurance. Life insurance is very important to have, especially if you have a family or kids. If anything should happen to you, you would want to know that your family could live comfortably without your income.
How do I know if I have Mortgage insurance?
i have mortgage and homeowner insurance and fidc risk insurance
Can one title loan company find out if you already have a title loan?
Yes, they would obviously know about it. When a title loan company offers you a title loan, it will check the car title well in advance. When it checks the title, it will easily come to know about any liens.
Does Florida law require title insurance to transfer a property title?
No, Florida law does not require that title insurance be issued. The only requirement to transferring title, is that a proper deed be recorded. However, having said that, if you are buying a property from someone, title insurance is greatly recommended. Title Insurance is the only thing that protects you in the event you receive a fraudulent title, or you later find out that there are undisclosed liens or encumbrances against the title. I would never buy any property without the protection of a title insurance policy. If, on the other hand, your parents are transferring to you their property, and you already know the history of the title, title insurance would not be needed.
The most extensive title coverage would be?
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.
Can you get tagregistration and insurance on a car that doesnt have title?
no, not legally. you need title to get registration, unless you know a shady character.
How much does it cost for a salvage title inspection in Florida?
no one seems to know
How do I get Florida gap car insurance?
I think I would need more information about this Florida gap car insurance. To give you an better answer since this is something I know next to nothing about. That is what I would do.
Is there a company that wholesales title insurance that you can sell and make a commission if you are a licensed insurance agency?
If you are an agent of an underwriter issuing title insurance policies, you keep 70% of the policy premium and any endorsements that are issued. The underwriter receives the other 30%. At least that's how it works in Florida. The percentage can vary from state to state. I believe South Carolina is 80/20. Your customers generally don't know this since the split is not disclosed on the HUD.
What year did title insurance start?
i need to know for my history project(: thank you! <3, chels!(:
What should the title be?
To pick a title for a book or story, the title should capture the theme of the story. To know what the title should be we would need to read the article or story that is in question to determine the story.
Does any auto insurance in Florida cover car with rebuilt title?
I would not insured a rebuilt vehicle because no matter what there is always going to be an issue if the vehicle is totaled as to what the value of the vehicle is. You and I know that a vehicle with a rebuilt title will be worth less that a vehicle with a clear title. I would use a stated value policy to value the vehicle so that there is no misunderstanding if an accident occurred.
Can an abstract of title supplant title insurance particularly for a one owner home built in 2004 in Florida?
In modern days, an abstract of title is usually the title examination/search. Simply reading the title and giving a report on the condition of the title is not the same as buying title insurance coverage for a mortgage or owner policy. In earlier history of title, an abstract of title was the report on title that was handed down from owner to owner (this is before they started recording every transaction in the county/city records). If the house was build 2004, it is unlikely that it has an actual Abstract of Title with it. But here again, the abstract would simply be part of the "history" of the property and not actual insurance to cover the new owner. You need to buy a new Mortgage Policy each time you get a new loan and a new owner would need a new Owner Policy whenever the property is transferred to protect their interest. The abstract or report on title is not the same as actually insuring the title with an Owner's or Mortgage Title Insurance Policy. The only way to modify COVERAGE of title insurance is through a policy. Simply providing a new abstract or report on title does not provide supplimental coverage to an existing policy regardless of what state you are in. If you want title insurance, a policy has to be issued. If you just want to know the current status or history of title, a title report or abstract can be used. They are not one and the same. An abstract or report on title, is simply that, just a report, not insurance. == Answer & Clarification== An abstract of title is a short history of the title to LAND. It is compiled by a professional title examiner from the public land records. It should contain a summary of all conveyances, transfers, probates, judicial proceedings or any other facts relied on as evidence of the owner's title. It should contain any encumbrances, such as easement rights and ROWs, that the land is subject to or has as appurtenant. It should contain any outstanding liens. It should show the quality of the title and the quantity of the land. It does NOT matter when the house was built. The abstract of title shows the title to the land not the house. The period that must be covered by the title abstract for title certification purposes varies from state to state. In Massachusetts it must cover 50 years. If the house was built one year ago or thirty years ago the title must be examined for a period of 50 years. In Connecticut that period is 40 years. Generally, the title insurance policy incorporates the information disclosed by the title abstract.
How do you collect on benefits on life insurance plan paid up in 1988 by Independent life insurance company of Florida or Georgia?
I have a insurance from federal group life insurance retirement plan .I like to know if they are in business
If you don't know what the passage is about what should you look at the?
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