property insurance: Difference between Title Insurance and Property Insurance
- 12/29/15 09:57 AM
What is the Difference between Title Insurance and Property Insurance? This is the part#5 of a series of documents regarding Title Insurance. Cost Structure and Frequency of Payments: Title insurance theory is different from most other insurance where, for example, rates and anticipated losses are based on actuarial studies and premiums are pooled on the assumption that a certain number of claims will be made.
The distinction is important: title insurance premiums are paid to identify and eliminate potential risks and claims before they happen. Medical, property and casualty insurance premiums, for example, are paid to insure against an unpredictable future event, knowing that risks … (0 comments)
Related Links:
Bahman Davani, CM at Texas Five Star Realty, Plano, TX (214) 457-7055
Homes for Sale in Plano, Frisco, Prosper, Allen TX
What is the Difference between Title Insurance and Property Insurance?
;)
;)
;)
