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The home owners insurance that did not get paid by title company until 15 days after closing!

By
Real Estate Agent with Keller Williams Capital Partners Realty 277320

True story because it was my purchase! I keep getting invoices form my insurance company event though I prepaid a years premium at closing. Finally I called on the 23rd of May the main headquarters. No sir, we don't have your payment. We closed May 9th.

 

 So a call was made to the title company who said it was a post closing problem.  Later was told the premium was mailed out either May 18thor 21st to my local insurance agent. After many calls and emails my local agent let me know ,yes she got it and had mailed it out May 23rd.

 

I spoke with many other title companies who told me they mailed out their post closing bills one or two business days after closing.. This title company decided to take over 10 days and I really can not consider to close there again.

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Insurance Solutions Unlimited, LLC - Winter Haven, FL
Insurance Solutions Unlimited,LLC

Joe, sorry to hear that about your closing. We see this every day from Title agencies around the country. Some of the big Co. that have these big elaborate post closing Dept. are the worst!

we love the small independent Title agencies that get it out the next day....

May 25, 2012 09:39 PM
Joe Jackson
Keller Williams Capital Partners Realty - Columbus, OH
Clintonville and Central Ohio Real Estate Expert

Me too. I use a small local company who has been in business for 45 years in Central Ohio

May 25, 2012 09:47 PM
Edward Gilmartin
CRE - Boston, MA

I always get annoyed that the lawyer sells the title insurance policy and pockets the large commission.

May 25, 2012 10:04 PM
Frank Laisch
Orlando, FL
"The Insurance Guy"

our industry is all about personal attention, good service and then in return receiving great referrals

May 25, 2012 10:26 PM
Sam Miller
RE/MAX Stars Realty - Howard, OH
Knox County Ohio Real Estate Specialist

Joe - I have never known this to happen in our market but am sure there have been similar instances that went unnoticed.

May 25, 2012 11:00 PM
Joe Jackson
Keller Williams Capital Partners Realty - Columbus, OH
Clintonville and Central Ohio Real Estate Expert

Thanks for all the comments I wonder howoften this happens!

May 26, 2012 01:49 AM
Jessica Jackson Mowery
Freelance - Columbus, OH

So frustrating....

May 29, 2012 09:10 AM
Joe Jackson
Keller Williams Capital Partners Realty - Columbus, OH
Clintonville and Central Ohio Real Estate Expert

Yes it was extra stress that I did not need!!!

May 29, 2012 10:17 AM