Fidelity National Title Insurance Company

When it comes to purchasing real estate, it’s important to have protection in case any unexpected issues arise. That’s where title insurance comes in. One company that has been providing this service for over 160 years is Fidelity National Title Insurance Company. In this article, we’ll take a closer look at this company, what they offer, and how they can help protect your investment.

What is Fidelity National Title Insurance Company?

Fidelity National Title Insurance Company, also known as Fidelity National Financial, is a Fortune 500 company that specializes in providing title insurance and other real estate services. The company was founded in 1848 in California and has since expanded to offer its services in all 50 states.

In addition to title insurance, Fidelity National Title Insurance Company offers other services such as escrow and settlement services, 1031 exchange services, and property reports. The company has over 11,000 employees and is headquartered in Jacksonville, Florida.

How does title insurance work?

When you purchase a property, you receive a title to that property. The title is a document that shows proof of ownership. Title insurance is designed to protect you in case there are any issues with the title.

Some common issues that can arise with a title include:

If any of these issues or others arise, title insurance can protect you from financial loss or legal issues. The insurance will cover the cost of any legal fees or damages that may result from the title-related issue.

Types of title insurance offered by Fidelity National Title Insurance Company

Fidelity National Title Insurance Company offers two types of title insurance:

Owner’s policy

An owner’s policy is purchased by the buyer of the property and protects them against any title-related issues that may arise after the purchase. This policy remains in effect as long as the owner or their heirs own the property.

Lender’s policy

A lender’s policy is purchased by the lender and protects them against any title-related issues that may arise during the loan process. This policy remains in effect as long as the mortgage is active.

FAQ

Does title insurance cover everything?

No, title insurance does not cover all issues that may arise with a property’s title. For example, it will not cover any issues that you were aware of prior to purchasing the property. It’s important to read and understand the specific policy you are purchasing.

Is title insurance required?

In most cases, if you are taking out a mortgage to purchase a property, your lender will require you to purchase a lender’s policy. However, an owner’s policy is not always required. It’s important to check with your lender and/or attorney to determine what policy is necessary for your specific situation.

How much does title insurance cost?

The cost of title insurance varies depending on the value of the property and the location. In general, the cost ranges from 0.5% to 1% of the purchase price. It’s important to get a quote from your title insurance provider to determine the exact cost.

How long does the title insurance policy remain in effect?

The length of time that a policy remains in effect depends on the specific policy. An owner’s policy remains in effect as long as the owner or their heirs own the property. A lender’s policy remains in effect as long as the mortgage is active.

What happens if a title-related issue arises?

If a title-related issue arises, the title insurance provider will work to resolve the issue. This may involve paying legal fees or damages. It’s important to contact your title insurance provider as soon as you become aware of any issues.

Conclusion

Fidelity National Title Insurance Company has been providing title insurance and other real estate services for over 160 years. Their expertise and experience make them a reliable choice for protecting your investment in real estate. If you’re in the market for title insurance, be sure to consider Fidelity National Title Insurance Company.