![]() What is Title Insurance and What Does it Cover? To understand the importance and scope of title insurance and the process to bind the insurer, some basics about title insurance are of value. It does not come without some requirements and exclusions to coverage, however. The title insurance binder is a written commitment by the title insurer to provide a title insurance policy to the buyer after closing. It is critical to remember that this document is not just a formality to place on the pile of closing papers. ![]() Usually, this document is presented to the buyer as early in the closing process as possible, as it has essential information about the ownership and usage of the property. Read the Title Insurance Binder and Ask QuestionsĪlso called a title insurance commitment, the title binder is a document presented to a homebuyer before closing.Exclusions in the Title Insurance Binder.Requirements in a Title Insurance Commitment.What Does a Title Insurance Policy NOT Cover?.What is Title Insurance and What Does it Cover?.
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