A New Web Site for Consumers

October 10, 2007

Often when preparing an estimated closing closing cost statement for a buyer or a seller, the fee for title insurance is questioned. In fact, for several years, the California insurance commissioners have been threatening the title industry with a mandatory roll back in rates. On Tuesday this week, Steve Poizner, the present California Insurance Commissioner, posted a new web site with the purpose of helping consumers shop for title insurance.
I tested it out by completing the search information form. Immediately I was given the price of title insurance from a great number of title companies. The information that is given has the name of a particular title company and the cost of their policy. At one time , title company offered different coverages for extended warranties. The prices quoted, I believe, are for a basic policy. They give a starting point for any further inquiries into coverages that the price includes.
The www.clta.org web site is easy to use as there is a clearly marked logo for Title Wizard.