Tag: Beginner

Title Insurance Key Elements of a Title Insurance Policy Facebook Twitter Linkedin There are five basic elements of a title insurance policy. It’s important to understand each so that you fully understand your policy and what it does for you.  Covered Risks All types of insurance serve to mitigate risk of a range of things… Continue reading Key Elements of a Title Policy

Title Insurance Owner’s versus Lender’s Policies Facebook Twitter Linkedin There are two basic title insurance policies: a buyer’s or owner’s policy and a lender’s policy.  Both policies effectively protect against the same sorts of risks.  The major difference is how the policy is terminated and potentially the premium associated with the policy.  Subscribe to the… Continue reading Owner’s versus Lender’s Policies

Title Insurance Title Agents Versus Title Underwriters Facebook Twitter Linkedin There are two important entities with regard to title insurance: Title agents: perform the actual process of title clearing.  Title underwriters: the title insurers.  It’s important to understand the role each company plays in getting the transaction to close and protecting your title.  Subscribe to… Continue reading Title Agents vs Title Underwriters

Title Insurance What is a Title Commitment? Facebook Twitter Linkedin One of the key documents in the title process is the title commitment. The title commitment essentially provides a promise to insure title, with certain conditions and exclusions. The commitment outlines the results of the title search process, anything that needs to be resolved, and… Continue reading What is a Title Commitment?

Title Insurance What is a Title Insurance Claim? Facebook Twitter Linkedin A title claim is an action against your title insurance policy. A claim arises any time an insured seeks to be reimbursed from their title insurer for issues that have arisen with the title to their property. While the title clearing process is intended… Continue reading What is a Title Insurance Claim?

Title Insurance What is Title Insurance? Facebook Twitter Linkedin Let’s start with a simple definition of title insurance: Title insurance is a type of indemnity insurance that protects buyers, sellers, and lenders in a real estate transaction from the risk of defects in the title to a property.   Understanding title insurance begins with understanding title,… Continue reading What is Title Insurance?

Title Insurance What is Underwriting? Facebook Twitter Linkedin Underwriting is the concept of one entity or individual assessing the risk that an event will occur that triggers a financial payout from an insurance policy. Every type of insurance requires some form of underwriting.   Underwriting processes vary based on what kind of insurance is being bought,… Continue reading What is Underwriting?

Title Insurance Why is Title Insurance Important? Facebook Twitter Linkedin Title insurance is one of the central closing concerns in the closing phase of a real estate transaction. The need for it is often assumed and built into the real estate purchase agreement itself. Despite its presence in the vast majority of transactions, the actual… Continue reading Why is Title Insurance Important?