Owner’s Title Insurance Policy: Reason of Popularity
August 30th, 2008 | by admin |One reason for the resumed popularity of owner's title insurance policy is that the market potential for such products appears to be tremendous. According to the potential market for life insurance coverage to fund buy/sell agreements and income replacement for two-income families is a mind-boggling $20 trillion. Another reason is savings: It is significantly less expensive to fund a single cash value–and pay a single annual administrative fee– under a owner's title insurance policy than it is to purchase two individual policies that combine to provide the same level of coverage. This policy also helps business partners and working couples eliminate the potential for inadvertently over insuring themselves.
