Title Insurance

[LAndersen]

Has anyone had any experience using title insurance? Does it cover if a previous owner failed to get proper development permits and inspections done on a basement development. We have had a flood and our insurance won`t cover it. Flood was due to "ground water seepage".

 

[dplummer]

I had a customer who had water seepage through the foundation that eventually caused a mould situation. Insurance company didn`t cover it. The Title Insurance did as the previous owners did not get the required permits or inspections for the addition. Remediation costs were $ 30,000.00 plus

Doug

 

[LAndersen]

QUOTE (dplummer @ Jun 15 2010, 07:51 PM) I had a customer who had water seepage through the foundation that eventually caused a mould situation. Insurance company didn`t cover it. The Title Insurance did as the previous owners did not get the required permits or inspections for the addition. Remediation costs were $ 30,000.00 plus

Doug

Thanks so much. How did your customer go about getting title insurance to help?

 

[dplummer]

QUOTE (LAndersen @ Jun 15 2010, 11:28 PM) Thanks so much. How did your customer go about getting title insurance to help?

She had her lawyer call them & explain the situation. They made her jump through a couple hoops but did come through.

Doug