TITLE INSURANCE CLAIM REPRESENTATION
Insurance Recovery Attorney Tacoma
What is Title Insurance?
In most residential and commercial real estate purchase and sales, the buyer will generally be provided a policy of the title insurance that affords levels of coverage generally up to their purchase price for the entire time the buyer owns the property without payment of any additional premiums.
Title insurance is mostly mis-understood by buyers, sellers and, frankly, real estate agents as well. Our attorneys at McFerran Law deal with all the various title insurance carriers around the county on a daily basis. They know us well and we know them. We know title insurance and the coverage it affords backwards and forwards. We also know that title insurance companies will not always pay claims until they are forced to do so. That’s where clients call us to represent them against the title insurance company.
There are a Number of Different Types of Title Insurance Policies:
- Owner’s Policy
- Homeowners Policy
- Mortgagee’s Policy
- Leasehold Policy
- Extended Policy
- Litigation Guarantee Policy
Our title attorneys at McFerran Law know about and administer title insurance claims on an ongoing basis. These types of disputes occur when someone who is not on title claims an interest in the owner’s land. If the owner has title insurance, they will initiate making a claim against their policy of the title insurance. On many occasions, such insurance claims are rejected by the title company without a legal basis to do so. A title insurance policy is designed to protect real estate owners against loss or damages they may experience because of authorized liens, defects or encumbrances or other defects in title. This is where the attorneys at our law office shine as we are, in many cases, able to show that the title company’s rejection of the claim is unlawful.
How to Make a Title Insurance Claim
Title insurance policies are very different from other types of insurance like car insurance or medical insurance. Our attorneys know exactly what matters are covered and what matters are not covered by your title insurance policy. We can assist you initially to determine whether you have a valid claim against your title insurance carrier or that you may have a claim against the seller or even possibly others included in your purchase including brokers.
Once we determine that a claim is covered, we are not done. We need to prove the level of damages for which the title insurance company may be liable. In many cases, they dispute both liability and any damages arising from the claim. We have our work cut out for us.
We are experienced in title insurance matters and can assist you should the matter proceed to litigation to obtain the highest level of recovery possible. Our attorneys are skilled trial litigators looking out for their client’s best interests.
Our Role as Attorneys in the Title Insurance Claim Process
Actually, our attorneys at McFerran Law can assist you even before that title policy comes into existence. Before there is a policy, the title company actually provides as a “draft” of matters that will be contained in the policy called a “title commitment”. Every title policy contains exclusions, which are matters for which the title insurance company will not insure. That is why it is so important to review a title commitment in great detail well before closing on a property with title insurance coverage. We are pleased to help and assist clients at the purchase stage to understand clearly what is covered and not covered by their title policy.
Our attorneys become involved in the title insurance coverage disputes when there is a disagreement between the insured (the property owner) over whether a particular claim is covered by the title insurance company or not covered due to an exclusion in the title policy.
Our attorneys at McFerran Law have dealt with these kinds of disputes in many different contexts. We believe that our extensive knowledge of real estate provides us a background for any title dispute.
We Welcome the Opportunity to Consult with You on Your Title Insurance Claim Matter
Our title insurance attorneys at McFerran Law always have slots open in their daily schedule to meet with clients on new real estate matters. In many cases that one initial consultation can address all the needs of a client on a particular real estate, business, probate or tax deferred exchange matter.
We do not provide free consultations (except in the 1031 tax deferred exchange practice area). We pride ourselves that a single initial one-hour consultation will provide most clients all the information they need to move forward with their legal matter. We don’t have to research, investigate or learn about real estate law matters. Our attorneys can answer on the spot in that initial consultation most real estate questions you may have as they have over 35 years of experience. They only do real estate and matters related to real estate!
McFerran Law has a Special $150 New Matter Consultation Rate
Our title insurance attorneys can meet with you by phone, Zoom or in our office for an up to a one-hour time period to go over, in detail, your legal matter and generally provide you valuable legal information to assist you in your individual situation. If your matter will require additional services, your attorney will generally be able to provide you an estimate for such services as well.
It is Easy to Set Up an Initial Consultation with McFerran Law
Just call our offices at (253) 471-1200; or email us on our contact page, or text us at (253) 405-7637 and we will schedule a one-hour consultation for you. You will not need to wait weeks or longer to meet with one of our attorneys as we block out a number of appointment options daily. We know that being quickly responsive to your real estate needs is important to you.
Call or email us to schedule an appointment or ask a question.