How to file a title insurance claim
Other People Are Reading
When to File a Claim
Property ownership issues arise as a result of old titles, deeds and claims to property that is later sold to other individuals and built upon. When a title search is conducted to determine whose property belongs to whom, sometimes the ownership of a home or a piece of property--even if a person paid for that property--comes into question. This is due to issues such as record defects, liens or encumbrance titles that prevent full ownership from being assumed by an individual. Title insurance claims are a way to protect against property ownership complications.
How to File a Claim
Filing a claim under title insurance is similar to filing other types of insurance claims. Claims are filed to your title insurance company, not that of the individual claiming the title to your property. Included in a title insurance claim is a written document explaining what your claim is about, and forms provided by your insurance company. Any additional information, such as letters back and forth regarding the dispute, receipts for the title to your property, and demands for payment should be included with your title insurance claim.
The company that ensures your title to property will usually respond to you within a few days of receiving your claim. Any further information or instructions will be included in this response. By law, title insurance companies are usually required to respond to your claim in a timely fashion, and issue an acceptance or denial of your claim along with any appertaining information. Many times, however, losses incurred due to title disputes are not covered under title insurance. If you feel
as though your title insurance claim did not adequately cover you in the event of a title issue, you can contact a lawyer who will advise you as to how to continue claim proceedings.
More Like This
Title Vs. Deed of House
How to Dispute a Homeowners Insurance Claim
Do I Need Title Insurance When Purchasing Land?
You May Also Like
A seller of real estate uses a deed to convey title or interest in the property to the buyer. Deeds come in.
For years, you've been paying your premiums on time, feeding money into a system with which you've rarely had to deal. But.
When you file a claim with your insurance. prohibiting unfair or deceptive actions on the part of insurance companies. The title.
Insurance is supposed to protect against unlikely events such as loss or damage of property and loss of health or life. When.
Mortgage title insurance protects buyers from old claims on their property.
Whether it's health, auto or homeowners insurance, every once in a while you may not agree with the way an insurance company.
In a perfect world, insurance claims would be settled for that right amount and all policyholders would be happy with the claim.
How to File a Florida Quiet Title Motion. Gather evidence to prove that your claim of title to the property is.
To clear up any claims of ownership. access the strength of your claim to the title versus other claims before proceeding.
View Blog PostSource: ehow.com