Legal Question in Real Estate Law in Massachusetts
When I purchased my home, and again when I refinanced my home I had to pay for title insurance. When I sold my home the title was not clear, and I had to pay to have it fixed. So� why did I pay for an insurance that did not insure me?
2 Answers from Attorneys
Did you submit a claim on your title insurance?
If they weren't alerted to the claim, how could they address it?
I presume you have health insurance...The doctors still send YOU the bill, right?
Same idea.
For future reference, I also handle real estate transactions, law, and Title Insurance.
If you had owner's title insurance, then you should submit a claim. If you only had title insurance for the Mortgage company, then you did not have coverage. This is why I recommend my clients get Owners' title insurance.
Whenever a lender makes a first mortgage loan, they require Mortgagees Title Insurance.
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