Tag: Title insurance

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?