Can an owners title policy be cancelled shortly after closing?? ie is there a 10-20 day free look period like other insurance products??
Total Comments: 1
Posted: Mon Feb 08, 2010 11:07 am Post Subject: Title insurance
Title insurance policy provides protection against any loss arising from problems related to the title of your property and is very helpful. If you still want to cancel it, you need to go through the terms and conditions of your policy. Usually, your loan policy ceases automatically when the mortgage is paid off. Just contact your title insurer and find out if there are any penalty or surrender charges applicable here.
Posted: Mon Feb 08, 2010 11:07 am Post Subject: Title insurance
Title insurance policy provides protection against any loss arising from problems related to the title of your property and is very helpful. If you still want to cancel it, you need to go through the terms and conditions of your policy. Usually, your loan policy ceases automatically when the mortgage is paid off. Just contact your title insurer and find out if there are any penalty or surrender charges applicable here.
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