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Title Insurance for Owners and Lenders: How to Avoid Coverage Gaps

Content Provider
American Law Institute CLE
Product
CLE
Run Time
93 Minutes
Recording Date
01/18/2024
Presenter(s)
Cathryn E. Greenwald, Michael R. O'Donnell
Learning Method
On-Demand Training
Practice Area
Real Estate, Insurance
Persona
CLE OnDemand

Price $259.00

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Description

Title insurance is key to a healthy and successful commercial real estate transaction. Unlike other insurance, title insurance provides coverage only against title issues arising before the policy date, providing no coverage against future title risks. The unique structure and limitations of title insurance often frustrates insureds since insurers may be able to avoid claim payouts due to policy exceptions, leaving litigation as the only recourse to settle disputes. This makes advance understanding of title insurance structures, endorsements, and exclusions critical. This course will examine the latest title insurance coverage developments so that you can improve your skills for evaluating and negotiating coverage, exclusions, and endorsements under American Land Title Association (ALTA) policies. Learn how to secure your transactions without coverage gaps after listening to our authoritative panel as they discuss high priority deal issues from owner and lender perspectives. Topics include: - ALTA policy provisions today: Covered risks, exclusions from coverage, conditions and Schedules A & B - The types of coverage most commonly used in the current market - What are the available title insurance endorsements under ALTA that can be used to supplement your title coverage, and what documentation is necessary to obtain these endorsements?

Literature

State Status Total Credits Type Of Credit Approved Thru
AlabamaApproved1.50General12/31/2024
AlaskaApproved1.50GeneralOn-going
ArizonaApproved1.50GeneralOn-going
ArkansasApproved1.50GeneralOn-going
CaliforniaApproved1.50Participatory01/18/2029
ColoradoApproved2.00General12/31/2026
ConnecticutApproved1.50GeneralOn-going
DelawareApproved1.60General01/17/2026
FloridaApproved2.00General10/31/2025
GeorgiaPending State Response0.00
HawaiiApproved1.50General01/18/2026
IdahoPending State Response0.00
IllinoisApproved1.50General03/12/2026
IndianaApproved1.50General04/18/2025
IowaApproved1.50General01/17/2025
KansasApproved1.50General03/31/2025
KentuckyApproved1.50General06/30/2024
LouisianaApproved1.55General03/12/2025
MinnesotaApproved1.50General03/21/2026
MississippiApproved1.60General03/12/2025
MissouriApproved1.90GeneralOn-going
MontanaApproved1.50General01/18/2027
NebraskaApproved1.50General01/17/2026
NevadaApproved1.50General12/31/2027
New HampshireApproved1.60General01/17/2027
New JerseyApproved1.50GeneralOn-going
New MexicoApproved1.60General01/17/2029
New YorkApproved1.50SkillsOn-going
North CarolinaPending State Response0.00
North DakotaApproved1.50General01/18/2027
OhioApproved1.50General12/31/2024
OregonApproved1.50General01/17/2027
PennsylvaniaApproved1.50General03/12/2026
Rhode IslandApproved1.50General06/30/2024
South CarolinaApproved1.55General12/31/2024
TennesseeApproved1.55General03/12/2025
TexasApproved1.50General03/28/2025
UtahApproved1.50General12/31/2024
VermontApproved1.50GeneralOn-going
VirginiaApproved1.50General10/31/2024
West VirginiaApproved1.86GeneralOn-going
WisconsinApproved1.50GeneralOn-going
WyomingApproved1.50General03/12/2025

Speakers