But with title insurance, you’re buying coverage for potential title problems that are already baked in the cake – even if you don’t know what they may be at the present time. Unfortunately, there is a lot of confusion surrounding title insurance in general. That’s in part because there are actually two kinds of title insurance:
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A licensed title agent is primarily a salesperson that sells title insurance to homeowners and businesses. While each state has separate licensing guidelines, most require that you have a background in insurance or law. Most states require that you take a licensing exam which may require a special course before sitting for the exam.
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· The title insurance policy for a construction loan will almost certainly include a Pending Disbursement Clause as an exception, limiting the scope of coverage offered by Covered Risk 11(a). Specifically, these clauses limit the insurance covered by the policy for loan proceeds actually disbursed.
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The average salary for First american title insurance Company employees is $61,493 per year. Visit PayScale to research First American Title Insurance Company salaries, bonuses, reviews, benefits.