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I'll get it nowven though I own the land outright and family is building the home
Posted by: Bob Murphy (15835) on 2015-03-03 14:56:52 In Reply to: Ok, thanks, that is what I was talking about - the owner's policy posted by EddieWillers on 2015-03-01 06:48:19	Share \| Report

Thread:

Owner's title insurance on a new construction home? Do I need it? - EddieWillers 2015-02-28 12:14:58 (245 views)
- I never had it and usually advise against it, however in your scenario it's probably worth it. - Max_A6 2015-03-01 08:47:45 (169 views)
  - Lender policy is $600, owener policy is $875. I pay for both. - EddieWillers 2015-03-02 13:03:07 (108 views)
    - Usually the lender's portion is bigger. - Max_A6 2015-03-02 16:40:10 (102 views)
  - why would you discourage title insurance? - ct_esq 2015-03-01 10:25:05 (109 views)
    - not much different from "undercoating", " scotch guard", "ducts cleaning" etc etc - Max_A6 2015-03-01 12:40:43 (156 views)
      - This was my original thought at first. A high $-value product snuck into an even higher $$$ sale - EddieWillers 2015-03-02 13:04:20 (149 views)
      - I respectfully disagree. It is an insurance product, not a sales gimmick   -  ct_esq  2015-03-01 17:36:55 (114 views)
        
        and it's only "popular" due to scare stories like yours  -  Max_A6  2015-03-01 23:57:15 (139 views)
        
        not a scare story. it is insurance which we used to pay claims.   -  ct_esq  2015-03-02 16:32:46 (109 views)
        
        What % of policies are actually used by owners, with claim amounts exceeding policy cost?   -  Max_A6  2015-03-03 08:44:59 (107 views)
        
        Clearly a small amount, as evidenced by the low price relative to the potential payoff.   -  Grapeking  2015-03-03 16:21:13 (102 views)
        
        That's a very cop out answer... which, however, proofs how overblown the risks are.   -  Max_A6  2015-03-05 13:45:46 (107 views)
- With an owner's title policy, I was able to get my client to take full ownership of his home after - ct_esq 2015-02-28 18:31:58 (221 views)
  - Great example. - Grapeking 2015-02-28 21:10:51 (120 views)
    - I'm happy to say I have no understanding of what I just read. - freakness 2015-02-28 22:49:47 (122 views)
      - And hopefully it can always remain that way - but when real estate matters go south, the - Grapeking 2015-03-01 09:54:32 (135 views)
      - iSmiled. - 5speed6 v.3 2015-03-01 02:15:54 (120 views)
- On 430k in my jurisdiction 845 sounds like a mortgage policy - ct_esq 2015-02-28 18:15:16 (151 views)
- Yes yes yes - ct_esq 2015-03-27 01:47:01 (145 views)
- Yes you do. - gription 2015-02-28 13:05:46 (160 views)
- Absolutely!! - 5speed6 v.3 2015-02-28 12:50:44 (193 views)
  - Are you sure you are not thinking of lender's title insurance? - EddieWillers 2015-02-28 16:52:47 (136 views)
    - This is not a scam, - 5speed6 is correct - ct_esq 2015-02-28 18:20:59 (145 views)
    - It is not a scam, someone you are using is breaking it down between lender... - 5speed6 v.3 2015-02-28 17:18:01 (131 views)
  - we have built the last three homes and never did that. - Rakete 2015-02-28 13:23:19 (123 views)
    - it's been years since we built a new house..but think the title insurance was part of - Rakete 2015-02-28 13:34:39 (177 views)
      - It very well may have been wrapped in and done by your financial institution.  -  5speed6 v.3  2015-02-28 13:44:52 (139 views)
        
        But always buy the extra owner's policy it is usually just a few bucks more  -  ct_esq  2015-02-28 18:13:47 (174 views)
        
        Ok, thanks, that is what I was talking about - the owner's policy  -  EddieWillers  2015-03-01 06:48:19 (148 views)
        
        I'll get it nowven though I own the land outright and family is building the home   -  Bob Murphy  2015-03-03 14:56:52 (106 views)

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