E&O Insurance for Title Abstractors
We offer errors and omissions (E&O) insurance to title abstractors, title searchers, and title examiners in select states. Our goal is to provide title abstractors with excellent service by providing E&O coverage promptly and at a reasonable cost. We offer E&O insurance from multiple insurance companies.
Even if you have a history of claims or are having difficulty finding affordable E&O coverage, we can help.
Call us at 1-877-245-5887 if you have any questions or wish to discuss your insurance needs. We're looking forward to earning your business.
What's the Difference between a Title Abstractor, a Title Agent, and an Escrow Officer?
A title agent works on the closing of a real estate transaction by transferring a property title from the seller to the buyer. A title agent can also be an insurance agent who sells title insurance. An escrow officer handles the transfer of funds between the parties in a real estate transaction.
Title abstractors research the history of transactions impacting the ownership of a property. The examination performed by title abstractors determines if a property has a free and clear title or if anyone else has a claim on the property. Title abstractors prepare an abstract of title document which summarizes the history of a property.
Why do Title Abstractors need E&O Insurance?
Title abstractors face a long list of exposures to E&O and malpractice claims, including, but not limited to, the following*:
- Incomplete review of title
- Improper or inadequate documentation
- Failure to find land subdivision
- Failure to find deed entry or deed fraud
- Failure to find will & probate entry
- Failure to find liens, encumbrances, easements or encroachments
- Search performed on wrong parcel
- Breach of contract
* The coverage provided by insurance companies is subject to limitations and exclusions. Please refer to the actual insurance policy for details regarding coverage, exclusions, and limitations.
Even if a title abstractor acted professionally and in good faith during a transaction, he or she can still be sued and could easily face tens of thousands of dollars just in defense costs.
It is therefore vital for title abstractors to have the proper E&O insurance protection.
What Coverage does an E&O Insurance Policy provide Title Abstractors?
Errors and omissions insurance provides coverage for claims made against title abstractors by reason of an error or omission in the performance of professional services.
Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Louisiana, Maine, Maryland, Michigan, Minnesota, Missouri, Nebraska, Nevada, New Jersey, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, Utah, Vermont, Washington, Wisconsin, Wyoming.