Talk of The Villages Florida - View Single Post - Any Reason for Owner's Title Insurance on New Construction?
Thread: Any Reason for Owner's Title Insurance on New Construction?
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Old 11-18-2022, 05:20 AM
Papa_lecki Papa_lecki is offline
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Quote:
Originally Posted by Dotneko View Post
We didn't buy it. New home in the middle of a new development.
The villages SELLS title insurance policies. That in itself tells you they don't plan on needing to pay out.
You do know the company that SELLS insurance probably doesn’t pay out for a claim? The policies are covered by an insurance company.
The Villages sells it as aconvenience for the buyer and mortgage co (and they make money on it).