reimbursement of premium: Please read carefully before checking the box to change the title policy!
- 08/27/09 09:45 AM
This morning I randomly picked a new order for a standard coverage owner's policy, to find out how the purchaser chose only the standard coverage policy. I wrote to the selling agent and asked if the purchasers were asked if they wanted the improved coverage provided by the Homeowner's Policy. The selling agent called me and said he did specify the Homeowner's Policy. He said he checked the box on NWMLS Form 22 D ["Optional Clauses"] that changes the title policy form. He misunderstood the effect of that provision! 2. Standard Form Owner's Policy of Title Insurance. Notwithstanding the "Title Insurance" clause … (6 comments)
This morning I randomly picked a new order for a standard coverage owner's policy, to find out how the purchaser chose only the standard coverage policy. I wrote to the selling agent and asked if the purchasers were asked if they wanted the improved coverage provided by the Homeowner's Policy. 
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