Do I need to purchase title insurance on my condo?
442023
Yes, all bank require title insurance.\n\nTitle insurance guards against claims to title (eg. other liens against a property, proper chain of title)  This is done to ensure that the bank is in first position (set by recording date a lien is filed, oldest first).\n\nTherefore, should something happen, and the bank need to foreclose, the property value would not be diminished by someone's lien being paid off before theirs.\n\nTitle insurance covers the lender in the event of an error, and another claim to title affects their collateral.  (the title insurance for a lender is only for the loan amount).
890495
You simply head to a local insurance agent and start one.  Only should cost you about $100 year, give or take some, unless the franchise you are dealing with requires more of the surety, but I doubt it.\n\nA surety bond is simply an additional insurance policy (which I think is a joke, but we MUST do it) that covers your business in a little way.  Why is it needed is something I would like to know but I am guessing in the business world it is considered that a business with a surety is more trustable and liable.\n\nOnce you get your surety, be aware that other offers may come in the mail for surety as well so pay attention to not buy something you already have.  Some insurance companies prey on those who don't pay attention to their paper work closely.\n\nDeal with an agent IN YOUR TOWN only so you can show up and ask them questions any old time you feel like it!!\n\nGood luck and Happy Sunday! \n\n : )
566289
Your homeowners' or renters' insurance will cover stolen personal property sometimes even if it is not at your home/apartment.\nVERY IMPORTANT:  There are two kinds of this insurance:\n\n1. Actual Cash Value\n2. Replacement Cost Coverage\n\nIf you want a new item, then you need to buy replacement cost coverage.  It will pay what ever it costs to replace it.\n\nIn an actual cash value policy, the insurance will only pay whatever the item was worth at the time....in other words the used price...not what it costs new.
968175
it depends on where in wi you want to buy from. if you are in a bigger city i would say condo but if your in one of the many small towns house.
255457
You NEED full liability insurance. The amount should be enough to protect your Assets. If some one hurts themeself at your rental property, there needs to be enough insurance, so that they do not come after your assets. If you have a standard (150/300 or 300/500) on that property, you might be able to get an umbrella to extent all of your coverages ( your primary as well) to a million or more. You also have to check with your insurer to make sure that the fact that this property is rented  does not invalidate it for the coverage you are purchasing
1083558
The local property assessment office should have those records.\n\nYou should always consider Title Insurance before buying, however.
274887
first see what the condominuim home owner requirement are..\nthey may have restrictions.\n\nalso if the condo is financed check with your loan officer if there are any restrictions..\n\ntry live deals on the net...i like it.\nand if you find a buyer without a realtor, have an escow company and realistate lawyer do the paper work and distribe the moneys accordingly.\nor\ninterview realtors and get one that specializes in town houses and comdominiums...\n\nor just sell it to me for a dollar!!!!
1129212
If the super came and inspected your bathroom and did not take any action, I do not think that you can be held responsible. Are you a renter? If so, the damage is the landlord's responsibility. If you live in a condo, either the association or your condo owner's insurance should cover any damages.
167950
You will have to self insure, which is quite expensive.  I would call around and get some quotes.
831665
Unless the theft resulted from negligence on the part of the complex, then they wouldn't be liable anyway.\n\nIn this case, it looks like the complex saw a trend of break ins and took on the policy to help their renters or they simply realize that having renter's insurance is for the best.  The complex is still responsible for anything that is covered under their own insurance like repairs, leaks, mechanical failure, so I don't really see how the apt. complex would benefit from this other than having tenants who are responsible enough to insure their property.
298037
Generally they purchase your owners policy for your new home. You will purchase the lenders policy. For your title insurance.  They will also pay for any existing liens and encubrances that they created on the property before conveying it to you.
467514
Good question.  I hope you have earthquake insurance because regular insurance don't cover acts of war and natural disasters.  \n\nYou have to keep paying your mortgage.\n\nRead your policy.  \n\nInsurance lists on your policy/ or declaration page a mortgagee clause.  That is the place that holds a lien on your property.  Your insurance will pay it off providing you have enough insurance to cover your mortgage.\n\nThis is why the people in New Orleans are screwed.  Most of them didn't have flood insurance and they are claiming that the hurricane didn't damage homes it was the flooding when the levees broke.
393404
Who do you have your property insurance with.  That would be the first place I would go.  Usually it is added as a rider to a property policy.  If you don't currently have homeowners insurance, you'll probably have to purchase that at the same time.  Shop around different independent agencies in your area.  They have access to different companies.\nBe aware, a number of companies are stopping offering earthquake coverage because of the number of natural disasters lately.  They want the federal government to come out with national disaster insurance like they have for floods.
75691
My guess is that it would be just like it is here is SC.  There is no law requireing homeowners insurance.  The requirment is imposed on the owner by the lender when they finance.
725664
Chicago Title company is still in business.  They are required by law, I believe, to keep title paperwork forever.  In addition your father paid for a title insurance policy that should cover your legal fees.\n\nI would suggest that you give their corporate office a call and ask for a face to face meeting with someone who can research and solve your problem.  Take copies of all the paperwork to leave with them.  They are/were responsible for getting the correct paperwork back from the county courthouse.
588240
Pay off the car loan.\nWhen you buy the condo, pay extra every month what you are paying on the car now.\nThe interest you pay on you condo would be tax dedictible, but the interest you pay on the car is not.
198604
in our country,yes,so when buying or leasing property make sure you check first.if you bought a car and it had many outstanding fines on it,you would be liable.