Issue Title Insurance

The Department of Insurance promulgates the title insurance policy and the Department regulates all coverage. University Title Company ensures that all debts are cleared by the seller prior to the closing of the transaction. After all documents are executed, money collected and disbursed, papers are recorded at the county clerk’s office, and title is searched to the time of recording. Once this has taken place, University Title issues a title insurance policy guaranteeing the owner good title to the property. This insurance provides protection from financial loss by a variety of potential title risks.

Title Insurance: The Process

• Search the county records to determine the “chain of title” to the particular piece of property involved in the transaction. This search shows ownership and encumbrances.
• Provide a title insurance commitment. This shows a list of requirements necessary to make your title marketable and to make us willing to insure it.
• After closing, provide you and your lender with a policy of title insurance.