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Who pays title insurance in Wisconsin?
Does the seller pay fortitle insurance policy
Do you need title insurance if you have a warranty deed?
You need title insurance to protect your title, but the person who SOLD you the warranty deed should pay for the insurance and provide proof that he or she has obtained title insurance that will pay the costs they will incur if the title is defective.Otherwise, you're stuck with a worthless warranty deed and may be left trying to sue the seller who has no money to pay for anything, let alone restitution or other damages.
Do you have to pay Title insurance when you refinance?
Yes, virtually all lenders' underwriting requirements call for lender's title insurance for a refinance.
Does title insurance pay for a lien that was missed at closing?
Yes that is what title insurance is for. However, there is a very good chance that the title insurance company will sue the attorney who was supposed to do the title search in the first place as they obviously didn't do their job.
If Property has a lien that was not found by title insurance company what are the owners options?
Generally speaking, if the owner purchased title insurance the lien should be paid by the title insurance company. If not and the lien was recorded and missed in the course of the title examination the attorney who certified the title to the buyer should be contacted. Her malpractice insurance should pay the lien.
Can you buy title insurance?
Title insurance is a specialized type of insurance that is not generally sold by insurance agents. It is usually provided by an attorney and underwritten by a title insurance company who specializes in this type of insurance. The title insurance company relies on statements and work done by the attorney when he does the title search and he has some liability for his work. You can't just decide that you want a title insurance policy anytime. It is usually done when you purchase a piece of property. I suppose that if you wanted to pay for a new title search you may be able to buy a policy at a time other than at closing.
When your car is totaled but you don't have the title will the insurance pay you?
It depends on why you don't have the title. If you don't have it because it is financed then yes. The insurance company will do the work for you of getting the title released from the bank. If you don't have it because you don't own the vehicle then no the company will not pay you. Legally they cannot pay you for a vehicle that you don't own just like you cannot insurance a vehicle you don't own. They also cannot pay the true owner because that person does not have a legal contract of insurance with the company. No one gets paid.
Your friend sold you his car take over paymentsHe took the car off his insurance you insured the car and then totaled it but you are not on the title Will your insurance company pay for it?
As long as you have the title that he signed off of it and you signed on and you have insurance on the vehicle it will be covered.
Can you get your car in your name without a license?
i pay out my car but i still need to change the title ,i have insurance but not a license can i still transfer the title in my name?
What if your car was hit and it has a salvaged title dose the insurance co have to pay you the value of your car?
Insurance is meant to get you back relatively close to where you were before the accident occurs. The states view of your title should have no bearing.
Your title is missing from your parerwork Will you still receive your Total Loss settlement from the insurance company or is a title required prior to the receipt of the settlement?
cannot imagine any situation where an insurance company would pay the entire amount without this title.......file for lost title with your state..
If a vehicle is wrecked then totaled and it has a lost title will this affect the insurance claim?
Totaled vehicles which have been rebuilt generally have a "salvaged vehicle" title, or whatever it's called in your state. Vehicles with a salvaged vehicle title are by definition, not as valuable as the same vehicle with a clean title. If the vehicle is subsequently in another collision, the insurance company will not pay as much since the loss was not as great. Insurance companies only need to pay you for the actual value of the vehicle.
