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Showing posts from 2011

Boat and Vessel Title Insurance

Just as real estate titles are subject to record errors, preexisting liens and other encumbrances, vessel and boat titles may have hidden problems which can pose a liability to new vessel owners. The best way for buyers of watercraft vessels, yachts and boats to protect themselves from these liabilities is to purchase title insurance. Agencies which provide this kind of insurance perform thorough investigations of title histories to ensure the vessel title is in "good opinion". Vessel title insurance also ensures vessel owners financial protection in the event of a lawsuit or other financial losses due to complications with the title.

Why Do Watercraft Vessels Need Title Insurance?

There several types of problems which can occur on boat titles. Buyers of vessels are usually unaware that any of these problems exist - until they are slapped with an ownership lawsuit or fees associated with prior liens. Insurance agencies hire underwriters and title attorneys to investigate the t…

Pennsylvania Title Insurance - 2

Are you interested in buying a property? If you are going for real property then there are certain things that you need to keep in mind. One of the things that you might require is the title insurance.

This kind of insurance is very much popular in the United States. This will provide you insurance against any kind of loss that you might face because of the defects in the title of the real property. You can purchase this insurance by a payment of one time premium.

So if you do not want to suffer because of the title defects present in a property you need to get the title insurance from the state. If you are a resident of Pennsylvania then you need to gather more information on Pennsylvania title insurance.

Pennsylvania is a state which is located in the mid Atlantic and northeastern part of the United States. The capital of the state is Harrisburg. Philadelphia, Allentown, Pittsburgh and Erie are the four most popular cities present in this state. Pennsylvania title insurance is usually …

Purchasing Aircraft Title Insurance

Why do aircrafts need title insurance?

Like land titles, aircraft titles are subject to record errors, unresolved liens and even fraud. There are a large number of reasons an aircraft's title may be rendered unenforceable, placing the owner at risk of property loss or being sued for previously existing liens or unpaid taxes. As the first step in acquiring title insurance, insurance companies will draft an aircraft "title opinion", or "abstract" based off a thorough investigation of the aircraft's chain of ownership.

The purpose of the initial title search is to unearth any problems with the aircraft's ownership rights and, if necessary, resolve them before the sale closes.

Problems commonly associated with titles include:

Unreliable FAA title records. Although the Federal Aviation Administration requires that all aircrafts be registered and recorded through the FAA, FAA records do not have final legal authority in determining rightful ownership. Similarly, …

Choose The Right Title Insurance Company

Are you searching for a good title insurance company, but are not sure how to determine when one has been found? Then you need to know the tasks that need to be completed before you will be able to ensure that the right company is being chosen.

There are many tasks that are smart for anyone to do before choosing any company. Not doing these tasks will ensure that the wrong company is chosen, so be smart and do all of these tasks so you can make the best choice for you.

One of the tasks that needs to be done is to check out more than one company. There are many title insurance companies available these days. Checking out more than one will help ensure that you find the best company for you to use.

Don't just choose the first company that is found because this is the easiest and best way to make the wrong decision. Always be smart and learn what all of your options are for the companies that are available to you.

Asking questions is a second task to complete. You can be sure that you wi…