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Title Insurance Business
Sara Said:
how to start title insurance business?We Answered:
Contact your local department of insurance.Reginald Said:
What if my Title Company goes out of business?We Answered:
That's a good question. Did someone take over their business and shut down the existing building or did they close up altogether and just leave all their clients hanging?I would think that the insurance itself went through an insurance company and they were using it as a "value added" item. What underwriter does it state on your policy or declarations page? Check with them to see if your policy is still in force and who will pay it in the event that the title is not clear.
Most of the time with a reputable title company, the insurance is a waste of time. When they do their job correctly, there isn't a lien against the title later that would necessitate the insurance. However, in this volatile housing time, anything is possible.
Good Luck!
Kim Said:
Have a question regarding the title insurance field.?We Answered:
go to the library and get every bookyou can on real estate.
visit 6 different title firms and
ask what types of positions they
have and what their promotion
policies are.
I can teach you RE for free, up to a point.