Title Insurance

In Kentucky, the buyer typically pays the title insurance premiums, although this can be negotiated between the buyer and seller during the closing process. It is common practice for the buyer to cover the cost, as they benefit from the protection provided by the insurance. However, the specific arrangements can vary depending on local customs and the terms of the purchase agreement.

Information about licensed and approved pre-licensing course providers may be obtained through the office of the insurance regulator of each state.

title company

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

You can contest who the payment was made in a court of law, but that is not to say you can stop the Insurance company from paying the money to the chosen beneficiary on record.

The reason why people choose their beneficiaries is to avoid a situation like the aforementioned question. To make the process run more smoothly designating a beneficiary is necessary, otherwise the proceeds from life insurance could potentially move into the probate arena (where no one really wants it to go).

So yes you can fight it at court but the insurance company is required to pay the premiums to the selected beneficiary, assuming said beneficiary is of legal age (otherwise it could be held in escrow). A judge could say that the recipient must pay a portion to someone else but that generally will not occur since the life insurance contract is a legally binding one in which the former insured has previously determined where the money is to go by way of the beneficiary election.

Something that is attached to the structure that can be removed.

Yes, title insurance can provide protection if a deed is recorded incorrectly by the title company. If a claim arises due to an error in the recording that affects ownership rights, the title insurance policy may cover legal expenses and potential losses. However, coverage specifics can vary based on the policy and the circumstances, so it's essential to review the terms of the title insurance for clarity.

When transferring title from one owner to another, all liens or judgments should be cleared prior to transfer or you will not be able to insure properly

department of insurance

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

That depends on the lender. Some require a full title examination and othrs require only a present owner rundown. Some lenders do not examine the title at all but rely on the credit report.

A judgment lien that is recorded becomes an encumbrance on the real estate. It means someone else has a security interest in the property until the lien is paid off. Once a lien is recorded it constitutes a cloud on the title. Title insurance companies want to know exactly what they are insuring so they want the title examined to disclose any other entites that may have any interest in the property.

Once an Owner's Policy is issued, it is in effect for as long as that owner is in title to the property, be it 1 year or 80 years.

A Mortgage Policy covers the Lender's interests until the mortgage is paid off - either through the life of the loan, by sale or refinancing.

So, a title agency could have coverage on a property that exceeds 10 years if a Policy was issued and the same owner owns it or the same loan still exists on the property.

The title advantage in American real estate models has been designed by the mortgage companies to benefit them financially.

A: The question of who pays the Title insurance is always negotiable and can be worked in to the real estate sales contract to assign this cost to either buyer or seller. As for a refinance, although the buyer tradionally pays, if you are doing a loan modification of your exhisting loan, most often an additional title policy is not required depending on the loan. The borrower (owner) pays for the title insurance on a Mortgage Policy when they are doing a refinance. As to who pays for the Owner's Title insurance on a purchase is strictly negotiable between buyer and seller. It can be negotiated as part of the terms of sale. In some states, typically the seller pays, since they have the burden of proof of good, clear, marketable title. In other states, the buyer pays. It is rather based on the "lay of the land" of which is the normal way of doing buiness in your particular state. In many states, the seller pays for the searches done on the property he is selling and the buyer pays the premium and other fees for the actual insurance coverage. However, there are no laws concerning who is responsible to pay for the title insurance or the title searches. Who ultimately pays for what specific fees should be negotiated from the beginning. If the buyer agrees to pay all fees, the buyer takes the financial burden and risk of paying for search fees on a property that may have serious title issues making it extremely difficult to sell, which the seller may have already known about but did not disclose. Therefore, it is always a good idea to ask for a copy of the Seller's "back title", the Owner's Policy that was issued to the seller when they bought it.

Yes. All title officers need a license in NJ

An abstract of title is a summary of the history of ownership and any claims or liens on a property, while a title search is the process of examining public records to determine the legal ownership of a property and uncover any potential issues that may affect the title. Essentially, the abstract is a document summarizing the title search results.

Yes, you can try to "google" this keyword "Maryland insurance prelicensing". After that, you can see results and list of top insurance course online providers.

The pros of paying for a title search and title insurance in this case include assuring yourself that you have clear title and total ownership of the unit you are buying.

The cons of avoiding these fees are that you pay for a unit that you may not clearly own, or that may have liens against it for unpaid assessments, unpaid taxes, and so forth.


In future, if you have established that you own clear title and complete ownership to the unit, you will be able to sell it with ease, based on your ownership of a clear title.


If you chose to avoid both, you may not be able to pass along clear title to a future buyer without satisfying outstanding debts against the title, that you essentially purchased when you purchased the unit originally.


Finally, title insurance assures you that if the company performing the title search 'missed' something, you will not be liable for whatever cloud shows up on the title in future that was missed in the title search.

To asses the extent to which the risk presented departs in any respects in any from normal and, if so, to what extent additional hazard can be mitigated or can be covered and at what rating considerations.

To check a property for recorded liens you can check the owner's name in the local land records. If any liens have been recorded they will show up in the "grantor index" under the owner's name. The staff at the land records office can show you how to use the records.