Commonwealth Land Title Insurance Company, also known as CLTIC, is one of the leading title insurance companies in the United States. It has been providing exceptional title insurance coverage for over 130 years, and it currently operates in all 50 states, the District of Columbia, and several U.S. territories. CLTIC is a subsidiary of Fidelity National Financial, Inc., which is the largest provider of title insurance in the world.
History of CLTIC
CLTIC was founded in 1876 in Philadelphia, Pennsylvania. It was initially known as Commonwealth Abstract and Title Insurance Company, and it started out as a small agency providing abstracts and insurance policies to real estate investors in the Philadelphia area. Over the years, CLTIC expanded its operations to other parts of the United States, and it became one of the most respected and trusted title insurance companies in the nation.
In 1982, CLTIC was acquired by Fidelity National Financial, Inc., which is a Fortune 500 company and a global leader in the title insurance industry. As a subsidiary of Fidelity National Financial, CLTIC has access to a vast network of resources and expertise, and it continues to provide innovative and comprehensive title insurance solutions to its clients.
Products and Services
CLTIC offers a wide range of title insurance products and services to meet the needs of its clients. These include:
Product/Service |
Description |
Residential Title Insurance |
Protects homeowners against financial loss due to defects in the title of their property |
Commercial Title Insurance |
Provides coverage for commercial properties, including office buildings, retail centers, and industrial facilities |
Builders and Developers Title Insurance |
Covers the risks associated with constructing and developing real estate projects |
Escrow and Settlement Services |
Provides neutral third-party services for the transfer of funds and documents between buyers and sellers |
National Commercial Services |
Offers customized title insurance and closing services for large-scale commercial transactions |
Why Choose CLTIC?
There are several reasons why CLTIC is the preferred choice for many real estate professionals and homeowners. Here are some of the key benefits of working with CLTIC:
Experience and Expertise
With over 130 years of experience in the title insurance industry, CLTIC has a deep understanding of the complex legal and regulatory issues that can arise during real estate transactions. Its team of underwriters, attorneys, and support staff are highly skilled and knowledgeable, and they work together to provide tailored solutions to meet the unique needs of each client.
Financial Strength and Stability
As a subsidiary of Fidelity National Financial, CLTIC has the financial strength and stability to handle even the most complex and high-risk transactions. Fidelity National Financial has a long track record of success, and it has consistently earned high marks from rating agencies for its financial strength and stability.
Innovative Technology Solutions
CLTIC is committed to staying at the forefront of the latest technological advancements in the title insurance industry. It has developed a suite of innovative tools and resources that enable its clients to streamline the title insurance process and reduce costs.
FAQ
What is title insurance?
Title insurance is a type of insurance that protects homeowners and lenders against financial loss due to defects in the title of a property. This can include things like forged documents, undisclosed heirs, and liens that were not properly recorded.
Why do I need title insurance?
When you purchase a property, you want to be sure that the title is free and clear of any defects that could cause financial hardship down the line. Title insurance provides peace of mind and financial protection in case something goes wrong.
How does CLTIC differ from other title insurance companies?
CLTIC has a long history of providing exceptional title insurance solutions, and it is known for its expertise, financial strength, and commitment to innovation. As a subsidiary of Fidelity National Financial, CLTIC has access to a vast network of resources and support, which enables it to handle even the most complex and high-risk transactions with ease.
How can I get a quote for title insurance?
You can request a quote for title insurance from CLTIC by visiting their website or contacting their customer support team. They will ask you for some basic information about the property, and they will provide you with a comprehensive quote that outlines the cost of their services.
What should I look for in a title insurance company?
When choosing a title insurance company, you should look for a provider with a long history of success, a strong reputation for quality and service, a commitment to innovation, and the financial strength to handle even the most complex transactions.
How can I learn more about CLTIC?
You can learn more about CLTIC and their title insurance solutions by visiting their website or contacting their customer support team. They are always happy to answer any questions you may have and provide you with the information you need to make informed decisions about your real estate investments.
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