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Claims ScenarioAbstractors, Examiners and Searchers
Errors and Omissions Insurance
Most markets categorize this group as Title Agents - and often charge more for liability exposures that you don’t face. With our in-house underwriting capabilities, we offer one of the most competitively priced and comprehensive Abstractor E&O policies available in the insurance industry today. Coverage is written through an A (Excellent) rated carrier.
Fox Point offers:
- Multiple Limit and Deductible options*
- Prior Acts Coverage with proof of prior coverage
- Defense Outside the Limits*
- Coverage for Foreclosure Crier services can be included
- Coverage for Substitute Trustee services can be included*
- Coverage for Notary services can be included*
- Coverage in all 50 states*
- Optional General Liability insurance available
*Certain restrictions may apply
Claims Scenario:
During the sale of a property, it is discovered that a lien was still outstanding. The seller claimed that because he relied on the report from the title agent/title abstractor, the purchase price of the property dramatically changed and he was unable to complete the original sale, costing him a significant amount of money. The seller filed a claim for failing to report the outstanding lien.
