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Title insurance. Title insurance is a form of indemnity insurance, predominantly found in the United States and Canada, that insures against financial loss from defects in title to real property and from the invalidity or unenforceability of mortgage loans. Unlike some land registration systems in countries outside the United States, US states ...
Owner’s title insurance is often a few hundred dollars: specifically, $2.50 for every $1,000 of the home’s purchase price, according to First American. How can purchasing both lender’s and ...
Owner-controlled insurance program. An owner controlled insurance program (OCIP) is an insurance policy held by a property owner during the construction or renovation of a property, which is typically designed to cover virtually all liability and loss arising from the construction project (subject to the usual exclusions). [1]
The LeVeque Tower is a 47-story skyscraper in Downtown Columbus, Ohio. At 555 feet 5 inches (169.29 m) it was the tallest building in the city from its completion in 1927 to 1974, and remains the second-tallest today. Designed by C. Howard Crane, the 353,768-square-foot (32,866.1 m 2) Art Deco skyscraper was opened as the American Insurance ...
A title search ensures that there are no hidden claims on the property that could impact the ownership rights of the buyer. The search is typically performed by a title company or attorney and can ...
Most mortgage lenders require home insurance coverage up to the rebuilding cost of your home but, depending on the climate and other circumstances in your specific location, additional coverage ...
The Ohio Department of Insurance was established on March 12, 1872. It was created under the authority of section 121.02 of the Ohio Revised Code (ORC) and is administered by the Director of Insurance. Insurance companies operating in the state of Ohio are subject to regulation under Title 39; and depending upon the entity of the organization ...
In real estate business and law, a title search or property title search is the process of examining public records and retrieving documents on the history of a piece of real property to determine and confirm property's legal ownership, and find out what claims or liens are on the property. [1] A title search is also performed when an owner ...