Title Insurance Policies, including Premiums and various Products' Insurance Coverage, are examined in Binyamin Appelbaum, "Title Insurers Face Criticism Over Pricing/Do You Really Need an Owner's Policy?" (Boston Globe, Sunday, April 13, 2008). In Massachusetts, as in many States or Commonwealths, it is mandatory to purchase a Title Insurance Policy at the closing on a real estate deal for a house, for example, that protects the lender. It is ordinarily optional, however, to also purchase a Title Insurance Policy that protects the buyer-owner. The two kinds of Title Insurance provide different Coverages and they come with different Premiums, all touched upon in the linked newspaper article.
Please Read The Disclaimer.
Same mandatory rules applies here in Texas as well.
Posted by: Texas Loan Signing Agents | November 22, 2008 at 12:32 AM