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The title of a property refers to the legal rights the owner holds to the property. When purchasing a home, it’s crucial to ensure the property has a clear title and is free from liens or other ...
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 first title insurance company, the Law Property Assurance and Trust Society, was formed in Pennsylvania in 1853. [1] Typically the real property interests insured are fee simple ownership or a mortgage. However, title insurance can be purchased to insure any interest in real property, including an easement, lease, or life estate.
List of Washington State Insurance Commissioners [5] [6] Name Years Party J. H. Schively: 1909–1913 Republican H.O.Fishback 1913–1933 Republican William A. Sullivan 1933–1961 Democratic Lee I. Kueckelhan 1961–1969 Democratic Karl Herrmann 1969–1977 Democratic Richard G. Marquardt 1977–1993 Republican Deborah Senn: 1993–2001 Democratic
You need to sign the title to transfer ownership, even if you're gifting to a family member. Many states still recommend a bill of sale that lists the name of the previous owner, the mileage, and ...
In exchange for insurance premiums, the title insurance company conducts a title search through public records and provides assurance of good title, reimbursing the insured if a dispute over the title arises. [13] In the case of vehicle ownership, a simple vehicle title document may be issued by a governmental agency.
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