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Title Insurance
What is Title Insurance and why do you need it?
SOLUTION: Leader Team Broker has special products created with insurers from LLOYD’S International Market of London.
A title insurance policy pays the policyholder if there’s anything wrong with the title for a property. This means that it’s possible for someone with an older document to press a claim on your newly purchased home/property, if there is evidence of past fraud or forgery.
Title insurance pays for the cost of “perfecting” your title rights or provides compensation if you lose the property altogether.
Every title insurance policy covers either the owner or the lender that financed the mortgage for the property. It’s often a good idea to buy title coverage for yourself as the owner.
Title insurance can compensate you for damages or legal costs in a variety of situations. This insurance solutions are to enable the swift, smooth and secure transfer of commercial assets and protect development opportunities.
Title Insurance covers ✔ Depreciation of estate/asset/shares value
✔ Court awards (money or any other remedies) to be made to 3rd party
✔ Settlements (voluntary or judicial) with third party challengers
✔ Partial or full loss of title/shares
✔ Defect rectification costs
✔ Demolition/reinstatement costs
✔ Legal expenses & other cost
✔ Consequential losses/business interruption (loss of rent)
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Property titles are essential documents in the business world, because they certify the right of a person or a company over various goods (buildings, land, etc.). A risk related to these documents is that of contesting the right of ownership due to fraud or errors prior to the purchase of the goods. To ensure protection against such a situation, it is useful to take out a property title insurance policy through a business consulting firm that mediates such services, such as Leader Team Broker. Along with this financial instrument, other types of insurance for legal entities, such as agricultural insurance, construction risk insurance and others.
Companies that use consulting services regarding the conclusion of insurance for property titles benefit from numerous advantages that offer the possibility of avoiding difficult situations from a financial point of view. With the help of such tools, real estate risks can be accurately identified and a complete protection is obtained against disputes following the contestation of the property right, regardless of the reason for which it occurs. Coverage against title-related issues, such as errors in documents, deficiencies in property titles, unjustified claims, provides confidence when setting up real estate transactions and financial protection in case the right to ownership is lost.
FAQ
What is title insurance?
Title insurance protects against financial loss caused by legal title issues, such as litigation, errors in title documents, or unknown claims.
Why do I need title insurance?
This insurance is essential to protect the property investment against legal risks that may affect the property right and to avoid significant legal costs.
What does title insurance cover?
Title insurance covers financial losses resulting from title defects, such as undeclared mortgages, third-party claims, administrative errors or fraud.
Is title insurance mandatory?
Title insurance is not required by law, but is often required by mortgage lenders and is recommended to protect the property investment.
Alexandra Elena Durbaca
International Insurance Specialist
“I am very happy with the service. The communication is fast and clear. They explain the different options to me in a way that is easy for me to understand. I will recommend this broker to others.
Koen Schiepers
“Excellent approach and very helpful team. I’ve been looking for PI insurance – not available in Poland and they were able to help me right away. I will surely come back to them once the insurance period comes to an end.”
“My situation was proving to be a bit complex as an independent contractor working for global software companies and living in Italy. Finding the right coverage to meet Client requirements was critical and Alexandra was fantastic at getting me what I needed within a day.”
