Have you ever heard anyone say, “You don’t need insurance until you need it? ” It sounds a bit obvious and silly, but it’s true. Title insurance is one of those things that is sometimes looked at (and soon forgotten) as just a line item on the HUD 1 Settlement Statement. Many people don’t realize just how valuable a title insurance policy can be until it’s time to file a claim on what is most likely their biggest asset, the family home.
We won’t go into any horror stories today ( and how title insurance saved the property owner). There’s one point we want to make. When shopping for a title company for your next real estate transaction, please consider the claims reserve (or claims paying ability) of your title company. If by chance you choose a title insurance company that does not have a healthy claims reserve, you may find yourself in a precarious position should they encounter a surge in claims.
Ticor Title is backed by our nation’s largest claims reserve at $2.7 Billion dollars. It’s hard for most people to even imagine how much money that is. But it suffices to say that insuring the title of your property with Ticor is a smart move. Rest assured.
We’ve got you covered!
[...] Title is backed by the nations largest title insurance claims reserves, giving us a strong financial position and unsurpassed ability to pay claims for our insured. If [...]
[...] Title is backed by the nations largest title insurance claims reserves, giving us a strong financial position and unsurpassed ability to pay claims for our insured. If [...]
[...] you are unsure of your current title insurance coverage or your title company’s ability to pay claims, please contact us. Our Puget Sound operation is among the top 40 best in the nation. And Ticor is [...]
[...] Title is backed by the nations largest title insurance claims reserves, giving us a strong financial position and unsurpassed ability to pay claims for our insured. If [...]