While title insurance amounts and coverages can be tailored to your specific needs, there are two primary types of policies that we offer:
ALTA Title Insurance Policies
Title insurance protection is significantly different from other lines of insurance. Typically, other types of insurance assume a particular risk and provide financial indemnity in the event the risk occurs. Title insurance, on the other hand, emphasizes loss prevention by eliminating risks caused by title problems arising from past events.
This provides the buyer peace of mind knowing the title for their real estate is being transferred to them free from encumbrances and liens. This policy is typically paid by the seller and will be sent in the mail after closing, accompanied by the recorded deed.
This is most often required by the lender to not only insure there are no encumbrances and liens on the property, but to give them peace of mind that they can allow you to use this property as collateral for your new loan. This policy is paid by the buyer.
Endorsements are used to expand or otherwise modify the coverage of a title insurance policy on real property. There are various title insurance policies made available to owners of real property by title companies including standard coverage, ALTA (American Land Title Association) extended coverage, ALTA residential and ALTA homeowner’s coverage.
Thanks to all the staff at the Brownsburg and Avon offices for a job well done. When I use Abstract & Title to do my closings, I rest assured that all details will be handled and that nothing will cause a delay. Thanks much! – Lori ChoatenCHOATE REALTY & CONSULTING
Everything went very smooth! I have total trust and confidence in the Avon Office and staff – Carolyn SabeanCARPENTER REALTORS
Staff is always professional and courteous. Always willing to help. Pleasure to work with!! – Jim DisneyWRIGHT REALTORS
I had three families trying to buy, sell and buy and you all helped get it done. Another awesome job !!! – Robin DrewDAN MOORE REAL ESTATE SERVICES
As always, you guys are awesome. Beth did a great job closing even though it was loud and chaotic at times. A true professional. My clients were impressed with the way you took care of everything. Thanks again – Allen WinklesCARPENTER REALTORS
They don’t come any better than Kim and I am so proud of our profession when I am dealing with a professional like her. – Don KruegerCARPENTER REALTORS
As usual everything was great. That’s a good team in Plainfield and I always use them and tell my agents to as well. – Debby ExnerCARPENTER REALTORS