Title Insurance Products and Services

Tuesday, September 8, 2009 by Re-Start Services

Did you know there are a variety of products and services that title insurance companies offer? Sometimes your situation may not warrant a title insurance policy or even a complete title search.

A Current Valid Deed Report merely provides the current ownership and tax information and nothing further.

A Search Report provides information about the real estate over a specific time period which is set by the party ordering the report. It provides current ownership and tax information and identifies open liens and encumbrances files against the real estate. No title insurance, however, is implied or provided.

The Title and Encumbrance Report covers a 20 year period and identifies current ownership, property tax information, liens, encumbrances, easements, judgments and other information found that affects title. No title insurance is implied or provided with this report.

The Title Guaranty warrants that the public record shows title to be vested in the party named in the guaranty, such to the liens and encumbrances listed. It does not insure against title defects, and there is no coverage for marketability or access, for example, but it does provide limited insurance coverage.

The RE-Start team can assist in determining the most applicable product given your current situation.

We will explore title insurance commitments and policies in a future posting!

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