It also identifies the proposed insured(s) and the types and amounts of policies to be issued:
- Proposed Owner, type and amount of policy
- Proposed Lender, type and amount of policy
Each item must be reviewed carefully to ensure that we know what documents or other information must be obtained before the closing and a policy of title insurance can be issued.
A Commitment for Title Insurance is not title insurance or a certification of title. It is not a representation of the condition of title. It is neither an assumption of liability by the title company for the condition of title nor is it an assumption of responsibility by the title company for clearing title problems or removing disapproved exceptions.