• Member Statistics

    • 864,318 Colleagues-to-Date [Sponsored by a generous R&D grant from iMBA, Inc.]
  • ME-P Information & Content Channels

  • ME-P Archives Silo [2006 – 2021]

  • Ann Miller RN MHA [Managing Editor]

    USNews.com, Reuters.com,
    News Alloy.com,
    and Congress.org

    Comprehensive Financial Planning Strategies for Doctors and Advisors: Best Practices from Leading Consultants and Certified Medical Planners(TM)

    Product Details

    Product Details

    Product Details


    New "Self-Directed" Study Option SinceJanuary 1, 2020
  • Most Recent ME-Ps

  • PodiatryPrep.org

    Lower Extremity Trauma
    [Click on Image to Enlarge]

  • ME-P Free Advertising Consultation

    The “Medical Executive-Post” is about connecting doctors, health care executives and modern consulting advisors. It’s about free-enterprise, business, practice, policy, personal financial planning and wealth building capitalism. We have an attitude that’s independent, outspoken, intelligent and so Next-Gen; often edgy, usually controversial. And, our consultants “got fly”, just like U. Read it! Write it! Post it! “Medical Executive-Post”. Call or email us for your FREE advertising and sales consultation TODAY [770.448.0769]

    Product Details

    Product Details

  • Medical & Surgical e-Consent Forms

  • iMBA R&D Services

    Commission a Subject Matter Expert Report [$2500-$9999]January 1, 2020
    Medical Clinic Valuations * Endowment Fund Management * Health Capital Formation * Investment Policy Statement Analysis * Provider Contracting & Negotiations * Marketplace Competition * Revenue Cycle Enhancements; and more! HEALTHCARE FINANCIAL INDUSTRIAL COMPLEX
  • iMBA Inc., OFFICES

    Suite #5901 Wilbanks Drive, Norcross, Georgia, 30092 USA [1.770.448.0769]. Our location is real and we are now virtually enabled to assist new long distance clients and out-of-town colleagues.

  • ME-P Publishing


    If you want the opportunity to work with leading health care industry insiders, innovators and watchers, the “ME-P” may be right for you? We are unbiased and operate at the nexus of theoretical and applied R&D. Collaborate with us and you’ll put your brand in front of a smart & tightly focused demographic; one at the forefront of our emerging healthcare free marketplace of informed and professional “movers and shakers.” Our Ad Rate Card is available upon request [770-448-0769].

  • Reader Comments, Quips, Opinions, News & Updates

  • Start-Up Advice for Businesses, DRs and Entrepreneurs

    ImageProxy “Providing Management, Financial and Business Solutions for Modernity”
  • Up-Trending ME-Ps

  • Capitalism and Free Enterprise Advocacy

    Whether you’re a mature CXO, physician or start-up entrepreneur in need of management, financial, HR or business planning information on free markets and competition, the "Medical Executive-Post” is the online place to meet for Capitalism 2.0 collaboration. Support our online development, and advance our onground research initiatives in free market economics, as we seek to showcase the brightest Next-Gen minds. THE ME-P DISCLAIMER: Posts, comments and opinions do not necessarily represent iMBA, Inc., but become our property after submission. Copyright © 2006 to-date. iMBA, Inc allows colleges, universities, medical and financial professionals and related clinics, hospitals and non-profit healthcare organizations to distribute our proprietary essays, photos, videos, audios and other documents; etc. However, please review copyright and usage information for each individual asset before submission to us, and/or placement on your publication or web site. Attestation references, citations and/or back-links are required. All other assets are property of the individual copyright holder.
  • OIG Fraud Warnings

    Beware of health insurance marketplace scams OIG's Most Wanted Fugitives at oig.hhs.gov

Appreciating Home Owner’s Title Insurance

Matters Covered and Not Covered by Title Insurance

By Staff Reporters

During the current housing market implosion it is prudent to understand that home owner’s title insurance enables the buyer of real property to take clear title of the purchased property. That means there are no outstanding liens in existence and no one has a prior claim to said property.

Covered Items

In general, items that are covered by title insurance can be determined solely from review of the property records and court records:

  • Judgments
  • Liens (Except to the extent that they have superiority, i.e., once recorded, they gain a priority ahead of things recorded prior to the lien, for example, mechanic’s liens.)
  • Deeds of trust, mortgages, and real estate contracts
  • Easements
  • Restrictive covenants
  • Rights granted in real property by divorce degree (right to half proceeds of sale of property)
  • Mineral rights reserved by prior owner or granted to a third party
  • Recorded leases
  • Latecomer’s agreements
  • Recorded no-contest agreements (agreement not to contest future imposition of taxes or assessments, usually for things like traffic, water, and sewer mitigation)
  • Deeds transferring ownership of any interests in the property
  • Whether the property has access to a public road
  • Taxes and recorded assessments
  • Condemnation actions filed with the court or property records.

Not-Covered Items

Generally, items that are not covered by title insurance cannot be determined by reviewing the property records and court records:

  • Zoning laws, restrictions on the use of property
  • Building codes, setbacks, lot coverage, construction standards
  • Wetlands regulations
  • Storm water drainage permits
  • Flood plain, location of property in relation to flood plain
  • Unrecorded leases
  • Use permits
  • Hazardous materials, environmental contaminants
  • Subdivision regulations
  • Shoreline Management Act
  • State Environmental Policy Act (SEPA)
  • Persons claiming an interest in the property, through adverse possession (both ownership of the property and easement rights)
  • Compliance of the property with recorded restrictive covenants.

Additional Extended Coverage Policy Items

Coverage extends beyond basic coverage. This covers items that show up during an inspection of the property:

  • Additional matters include those that the title company can determine from either an inspection of the property or a review of a survey showing all improvements to the property and the location of all easements.
  • Mechanic’s liens filed after the date of the policy, but that take priority prior to the date of the policy
  • Encroachments (the buildings on the property that overlap the property lines or buildings on adjacent property that overlap onto the client’s property)
  • Persons claiming an interest in the property through adverse possession (both ownership of the property and easement rights).

Additional Matters Covered by Endorsement

  • Compliance with subdivision laws (Guarantees that the property constitutes one or more legal lots)
  • Zoning laws.


Join Our Mailing List


And so, your thoughts and comments on this ME-P are appreciated. Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, be sure to subscribe to the ME-P. It is fast, free and secure.

Subscribe Now: Did you like this Medical Executive-Post, or find it helpful, interesting and informative? Want to get the latest ME-Ps delivered to your email box each morning? Just subscribe using the link below. You can unsubscribe at any time. Security is assured.

Link: http://feeds.feedburner.com/HealthcareFinancialsthePostForcxos

Sponsors Welcomed: And, credible sponsors and like-minded advertisers are always welcomed.

Link: https://healthcarefinancials.wordpress.com/2007/11/11/advertise

Product Details  Product Details

2 Responses

  1. Nice info in this post and overall blog; very comprehensive.

    As an insurance agent, I visit frequently and will participate more often.
    Title insurance is more important than most people think; especially with the recent mortgage industry implosion.



  2. Another important insurance element of which the property owner should be familiar is the appraisal clause, also known as the appraisal provision.

    This clause was developed to help the insured resolve a dispute with the insurance company regarding the amount of loss in an efficient and cost-effective manner, while avoiding the court system.

    The clause calls for each party to select an appraiser. The two appraisers must then get together and agree to the selection of a third party, the umpire, who serves as an arbitrator. These three individuals make up the appraisal panel. The appraisers work independently to determine the amount of loss.

    In the event of disagreement between the two parties, the umpire is asked to give an opinion regarding the dollar amount of the loss. Once any two of the three members of the appraisal panel come to an agreement on the issue, it is considered to be resolved. At this time the decision is binding upon both parties.

    The insured party should consider use of the appraisal clause if there is a significant difference between their estimate of the replacement cost of the damaged property and the offer from the insurance company. The appraisal process often costs $5,000 to $10,000, depending upon the complexity of the damage to the property and the length of the appraisal process. If the difference being disputed is significantly greater than this amount, it can be worthwhile to proceed. The insured party most often “wins” the dispute, meaning that they gain by going through this process.

    Brian J. Knabe; MD, CFP®


Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

<span>%d</span> bloggers like this: