Sentences with phrase «type of title insurance»

The most common type of title insurance is a lender's title insurance, which is paid for by the borrower but protects only the lender.

There are two types of title insurance — a lender's title policy and an owner's title policy.

There are two types of title insurance — a Lender's Policy, and an Owner's Policy.

Your closing costs might include two types of title insurance policies, but do you know how these policies differ?

Not exact matches

The approximate cost of lender's title insurance varies by state and provider; it's generally based on the loan amount, transaction type and coverage type, among other variables.

The name seems to have several meanings: It's an obvious reference to a James Bond - type vehicle, also refers to the bike's abilities as a type of «insurance,» and is an acronym for the contraption's full title, the Built of Notorious Deterrents bike.

Title insurance policy covers either a homeowner or a mortgage lender, but you'll usually need to pay for both types as part of your closing costs.

Title insurance is a type of insurance that covers potential damages from errors in the ownership records of your home or property.

Title insurance, just as its name implies, is the type of insurance that protects the insured against property's title or ownerTitle insurance, just as its name implies, is the type of insurance that protects the insured against property's title or ownertitle or ownership.

The NAIC Capital Markets Bureau studied the insurance industry's portfolio mix across the five general insurance company types (life, property / casualty, fraternal, health and title) as of year - end 2010, year - end 2008 and year - end 2005.

The fact that title companies try to eliminate risks before they develop makes title insurance significantly different from other types of insurance.

Failing to inform a client who selects title insurance about the searches that the lawyer will not be performing and the type of information that these searches would reveal about the property, such as zoning, encroachments or survey issues.

Our insurance lawyers advise on the full spectrum of insurance policy types, including: Professional Indemnity, Property Damage and Business Interruption, Construction (All Risks and Delay in Start - Up), Cyber Risks, Public and Employers» Liability, Product Liability, Directors and Officers (D&O), Trustee Liability, Warranty & Indemnity, Title, Political Risk, Credit and Financial Institutions.

Consistent with the other titles of HIPAA, our proposed definition did not include certain types of insurance entities, such as workers» compensation and automobile insurance carriers, other property and casualty insurers, and certain forms of limited benefits coverage, even when such arrangements provide coverage for health care services.

In Australia, «title insurance» refers to a type of policy offered by two American insurers to cover purchasers, lenders and home owners against a grab - bag of risks relating to:

This is because it will be issued what is called a «salvage title» and that will often keep it from certain types of insurance coverage.

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This type of insurance helps protect against financial loss with future title disputes such as undisclosed liens, easements and more.

Just as lenders require fire insurance and other types of insurance coverage to protect their investment, nearly all institutional lenders also require title insurance to protect their interest in the collateral of loans secured by real estate.

Your lender usually requires this type of insurance that protects its interest in the loan in the case of a title defect and is known as a loan policy.

Title insurance: This type of insurance is required to protect the lender and you if there are undiscovered liens against the property.

This type of insurance protects you and the mortgage lender if someone challenges the title to the property.

Title insurance is a unique type of insurance that ensures that the land being purchased or refinanced is clear of any previous liens or encumbrances.

If you're the type who tends to worry, owner's title insurance will buy you peace of mind.

I believe the reason is twofold: (1) buyers do not understand the benefits of purchasing it, and (2) title insurance is unlike other types of insurance in that it covers issues that have already happened.

My cost measure includes lender charges and mortgage insurance charges, but not charges of other third parties, such as title insurers, which are not related to mortgage type.

You need various types of insurance to make a home purchase, and title insurance is one of those.

Regulation X prohibits the use of an average charge for any settlement service if the charge for the service is based on the loan amount or property value, such as transfer taxes, interest charges, reserves or escrow, or any type of insurance, including mortgage insurance, title insurance, or hazard insurance, and also requires the settlement service provider to retain all documentation used to calculate the average charge for a particular class of transactions for at least three years after any settlement for which that average charge was used.

This type of insurance protects you against errors in public record, defects on the title or undisclosed heirs.

Other commenters stated that other types of owner's title insurance policies, which have rates different from those of the basic owner's title policy premium, should be permitted to be listed on the Loan Estimate.

When you buy title insurance for your property, a title company searches these records to find - and remedy, if possible - several types of ownership issues.

Accordingly, the creditor must quote the amount of the lender's title insurance coverage pursuant to § 1026.37 (f)(2) or (3) as applicable based on the type of lender's title insurance policy required by its underwriting standards for that loan.

Other commenters stated that other types of lender's title insurance policies, which have rates different from those of the basic lender's title policy premium, should be permitted to be listed on the Loan Estimate.