0
Add your answer:
Earn +20 pts
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.
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.
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 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..
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.
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.
Do you have to pay the title insurance?
yes
What is the title insurance?
Title insurance is protection that ensures that you are the proper owner of the property and that if someone comes forward with a valid claim to a portion of your property, the title insurance company may have to pay that person the value of the claim. In buying real estate you have to make sure that the seller truly owns the property in full with no defects in title. The title insurance company reviews the land records to make sure of this. If the company states that the owner is the full owner, it backs its opinion with title insurance. Some title defects might not be covered though, but the lawyer helping the buyer will make sure that it is safe to buy the property.
Can a financial institution have the title insurance company pay off a mortgage based on a cloud on the title?
No.it's not a rule i advise you to visit this site to get your answer http://www.insurance-info.page.tl
What happens your car is totaled?
If you have the proper insurance or you were hit by someone you will surrender the car and the title to the insurance company and they will pay you the actual cash value of the car before it was hit.
When you still owe money on a car and it is totaled who does the insurance company pay the money to?
The language changes depending on where you live. If you borrowed directly to buy the car the Bank or Finance company will Be registered with your insurance company and they will be paid. If there is money left over you will get a check from the bank or the insurance company depending on what lender and where you live. If you went to the local title loan place you may be paid direct but if you don't pay the title loan guys they can both sue and charge you with fraud.
Where do you pay your car insurance?
To the insurance company.
