How to Claim Title Insurance in Denver

Introduction

Title insurance is a critical safeguard for property owners in Denver, protecting them against potential defects in title and unforeseen issues that could arise after the purchase of real estate. In the unfortunate event that you need to file a claim on your title insurance policy, understanding the process is essential. This blog post will guide you through the steps to successfully claim title insurance in Denver.

1. Understand Your Title Insurance Policy

Before filing a claim, it’s crucial to understand the specifics of your title insurance policy. Review your policy documents to identify the coverage details, exclusions, and conditions under which a claim can be made. Knowing what is covered will help you determine whether your situation qualifies for a claim.

2. Identify the Reason for Your Claim

Claims on title insurance can arise from various issues, such as:

• Undisclosed liens

• Errors in public records

• Forgery or fraud affecting the title

• Boundary disputes

• Unpaid property taxes

Document the issue clearly, gathering all relevant information that supports your claim. This documentation will be vital when presenting your case to the title insurance company.

3. Notify Your Title Insurance Company

Once you have gathered all necessary documentation and understand your policy, the next step is to notify your title insurance company. You can find the contact information for claims on your policy documents or the company's website. When contacting them:

• Provide your policy number.

• Describe the issue in detail.

• Mention any supporting documentation you have.

Most title insurance companies have specific claims departments that handle these situations.

4. Complete the Claim Form

Your title insurance company will likely require you to fill out a claim form. This form is essential for officially documenting your claim. Be thorough and accurate when providing information about the nature of your claim, the property involved, and any relevant parties. Ensure that all sections are completed to avoid delays.

5. Submit Your Claim

After completing the claim form and gathering all necessary documents, submit your claim to the title insurance company. Make sure to keep copies of everything you submit, as well as any correspondence you have with the company.

You may submit your claim via email, mail, or through the company’s online portal, depending on their specific processes.

6. Follow Up

After submitting your claim, it's important to follow up with the title insurance company. Claims processing times can vary, so don’t hesitate to reach out if you haven’t received a response within a reasonable timeframe.

When following up, have your claim number handy and be prepared to discuss the status of your claim.

7. Review the Claim Outcome

Once your claim has been processed, you will receive a determination from your title insurance company. They will inform you whether your claim has been accepted or denied, and if accepted, what compensation or remediation will be provided.

If your claim is denied and you believe you have a valid case, you have the right to appeal the decision. Refer to your policy for details on the appeals process.

Questions? Contact:

If you have any questions about the title insurance claim process or need assistance navigating your title insurance needs, don’t hesitate to reach out to Jerad Larkin at 303.630.9430 or email Info@MileHighTitleGuy.com. We're here to help you through every step of the process!