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Professional Services

TitlePac® Advantage includes coverage for any or all of the following professional services:

  • Abstracters
  • Closers
  • Escrow Agents
  • Corporate Document Searches
  • Flood Zone Certifications
  • Independent Contractors
  • Internet Services
  • Leased Workers or Temporary Employees
  • Limited Practicing Officers (Washington)
  • Notary Public
  • Searchers
  • Settlements
  • Title Insurance Agents
  • Title Opinions
  • UCC Searches
  • Witness Closers
  • Trustee / Substitute Trustee associated with foreclosure process
  • Policy Type

    TitlePac® Advantage is written on a claims made and reported policy form. A claims made and reported policy form covers you for errors or omissions which are first made and reported during the policy period, as long as the act leading to the claim took place AFTER your retroactive or prior acts date listed in your policy. The retroactive or prior acts date is the most important feature of any E&O policy. Contact us if you have questions regarding claims made policies. Click here for a specimen policy.

    Policy Limits

    TitlePac® Advantage limits start at $100,000 per claim and go up to $1 million per claim. The maximum policy aggregate limit is $2 million to those that qualify.

    Policy Deductible

    TitlePac® Advantage is a policy that meets the needs of a broad range of insureds from the smallest searcher to the largest multi-state title agent. To meet the needs of all insureds, deductibles range from $1,000 to $10,000.

    Prior Acts / Retroactive Date

    Claims made and reported policies offer coverage for wrongful acts, by an Insured, in the rendering or failure to render professional services, provided the wrongful act takes place on or after the prior acts or retroactive date. Prior acts is the most important feature on your E&O policy. In most circumstances, TitlePac® Advantage will honor the prior acts date on your expiring policy.

    Extended Reporting Period:

    Claims made and reported policies normally require any incident or claim to be reported within the policy period. If you cancel or non-renew your TitlePac® Advantage policy you have the right to purchase an extended reporting period (ERP). The ERP endorsement applies to covered claims from wrongful acts which take place before the end of the policy period.

    Policy Rates

    E&O policies are rated on a number of factors that vary from company to company. Each insurance company has its own set of underwriting requirements, guidelines and minimum premiums. Items used to rate your TitlePac® Advantage policy include but are not limited to the following: Policy Limits; Policy deductible; Retro/Prior acts date; Gross Income; Experience; Employees; Mix of services; Location; Degree of automation and Past claim experience. This is only a brief summary of Title Agents, Abstracters and Escrow Agents Errors and Omissions Liability Insurance features. The language of the policy will determine the coverage provided.

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