Tag: Claims

Couple pays over $20,000 after waiving owner’s title insurance protection

Written by Federal Title on 2020-08-18.

We had a couple waive an owner’s policy that would have cost $815. They’ve spent near $20,000 in attorney fees defending title to their home.The seller sat across from them and signed closing documents. He brought a notarized Power...

Lack of owner’s protection can increase cost to sell property

Written by Federal Title on 2020-08-10.

Title insurance protects property ownership + marketability, but we tend to overlook the value of the owner’s policy for buyers who one day become sellers.We had to inform a seller that our title search revealed two unexpected mortgage...

Average loss on a DC title policy is $639

Written by Federal Title on 2012-07-09.

A recent Demotech study may reveal yet another reason for homebuyers to obtain owner’s title insurance – especially if you are buying a home in the District of Columbia. Title insurance companies take a loss of $215 on average in Maryland...

Owner’s title insurance: Case of forgery after infidelity

Written by Federal Title on 2012-06-30.

Part 6 of a series Fraud is a common cause of title claims, and it's practically impossible to detect in many cases because there is no way for the title agent to know about the fraud until after the fact. As we've discussed before, title...

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Tag: Claims

Couple pays over $20,000 after waiving owner’s title insurance protection

Lack of owner’s protection can increase cost to sell property

Average loss on a DC title policy is $639

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