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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.

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12y ago

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Title means the ownership of goods in Incoterms.


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


If you get a title comittment do you also need title insurance or does title comittment mean you get title insurance also?

A title commitment is just what it is. It's a commitment. Meaning as long as all of the conditions are met on that commitment, after closing, title insurance will be issued. A commitment is not considered insurance. Your title is not insured until after closing when the new deed and/or mortgage has been recorded. At that point, the title company issues insurance. If you are buying a new home and depending on where you are, you should receive your title policy about 60 days after closing along with either the original or a copy of your deed.


What government agency oversees title insurance companies?

Each State is different. In Maryland we are governed by the Maryland Insurance Administration. We also have to abide by RESPA rules and regulations, and the guidelines set forth by our Title insurance underwriters. Typically, it is the state's Department of Insurance or Banking and Insurance that oversees the Underwriters and Agencies. That does not mean that each state has licensing requirements in order to effect title, but simply that the title insurance process of issuing insurance policies for title is regulated by the state. Some state require title agencies and producers to be licensed and pass examinations, others do not.


Do title insurance companies employ title examiners?

Title examiners are typically employed by title insurance companies


What is the term unadmitted insurance company mean?

Admitted insurance is an insurance company that has been approved by a state's insurance department. Admitted insurance varies by state.


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Does homeowners insurance cover the lenders title insurance?

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