Oklahoma E&O Insurance for Title Agents, Escrow Agents and Title Abstractors
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We offer errors and omissions (E&O) insurance to title agents, escrow agents and title abstractors in Oklahoma. Our goal is to provide you with excellent service by providing you with E&O coverage promptly at a reasonable cost. We offer E&O insurance from various highly rated insurance companies.
Even if you have a history of claims or are having difficulty finding affordable E&O coverage, we can help.
Call us at 1-877-245-5887 if you have any questions or wish to discuss your insurance needs. We're looking forward to earning your business.
What's the Difference between a Title Agent, a Title Abstractor, and an Escrow Agent?
A title agent is an insurance agent who sells title insurance. A title abstractor searches the history and ownership of a property including conveyances and encumbrances. An escrow agent handles the transfer of funds and property title between the parties in a real estate transaction.
Why do Oklahoma Title and Escrow Agents and Abstractors need E&O Insurance?
Title agents, escrow agents and abstractors in Oklahoma face a long list of exposures to E&O and malpractice claims, including, but not limited to, the following*:
- Negligent title examination
- Improper or inadequate documentation
- Escrow negligence
- Delays in closing transaction
- Breach of contract
* The coverage provided by insurance companies is subject to limitations and exclusions. Please refer to the actual insurance policy for details regarding coverage, exclusions, and limitations.
Even if a title agent, escrow agent, or title abstractor acted professionally and in good faith during a transaction, he or she can still be sued and could easily face tens of thousands of dollars just in defense costs.
It is therefore vital for Oklahoma title agents, escrow agents, and title abstractors to have the proper E&O insurance protection.
What Coverage does an E&O Policy provide Oklahoma Title and Escrow Agents and Abstractors?
Errors and omissions insurance provides coverage for claims made against title agents, escrow agents and abstractors by reason of an error or omission in the performance of professional services.