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Nicole Said:

Title insurance question?

We Answered:

The title company wants you to call them. There's a problem with the title on the property and they want to explain it to you.

Joseph Said:

Insurance information for young drivers?

We Answered:

No one here can tell you what some insurance company may charge you for some car you may buy. There are dozens of variables. Choose a (hypothetical) car, call a few insurance companies and get quotes. Note: It is always cheaper to pay for a 6 month or annual policy as opposed to monthly

Arthur Said:

What is title insurance?

We Answered:

Basically, being in "title" to a house means that you own it, or have an ownership interest. Title insurance is insurance to protect your ownership of the house and the land the house is on. Title companies search all documents that were recorded against the house to make sure that there aren't any outstanding liens against the property or there weren't any gaps in the deeds. For example, in 1900, Joe Smith and his brother Bobby Smith owned the house. In 1920, Joe Smith sold the house to Betty Brown. In this case, depending on how Joe and Bobby held title and some other factors, at the time of the sale, Bobby Smith or his relatives could have been entitled to a portion of the house and now his relatives could come to you staking a claim. Bobby Smith's great great grandson may now sue you and since you have title insurance, the title company will represent you and pay Bobby Smith's great great grandson if he wins.
Another example is when you purchase, you receive a survey, and your title policy is insuring that the land is yours as surveyed. Let's say the survey shows that your driveway is actually 1 foot over on your neighbor's property. It's been like this for 50 years, so the title company insures you for it. You get in a fight with your neighbor and he sues you to regain his property. If your driveway because one foot less wide, it is no longer wide enough to get back to your garage. The title company will defend the lawsuit and if they lose, will pay for the driveway to come off your neighbors property and will pay you for the decrease in property value since the garage is now useless.
Another example is when you go to sell your home, you are told that there is a $50,000 tax lien against the house that was for personal taxes the previous owners never paid. The title company should have caught that and made the previous owners pay them when they sold the house. They didn't, and now the title company will pay off the lien since you are insured, and you will be able to sell the house.
When you purchase a home, you should always purchase an owners policy of title insurance which will protect you against these things. If you get a mortgage, your lender will also make you purchase a mortgagee policy of title insurance which will protect them. Most people never have to use one, but it is well worth the small cost in the event that you do.

Anne Said:

How do you change info on a car title?

We Answered:

You don't. It is factual information that, at the time of the theft recovery, the actual miles were not verified. It isn't going to make a bit of difference though. If you decide to sell it, and the buyer asks, just explain it was stolen and recovered.