What is included in a title insurance commitment policy?


A title insurance commitment policy should include the obligations of the title insurer and any exceptions of the title insurance binder.

Title Insurance Commitment Policy (Binder) Requirements of the Insurer

  • The title insurer would take charge of seller's mortgage debt;
  • Insurer has to handle any liens and taxes against the property;
  • Deed transfer;
  • Evidence of new mortgage;
  • New survey report.

The title insurance commitment policy, also called title insurance binder, also has to state exceptions, or items the insurer is not responsible for. These are claims, liens and easements that existed but were not shown in the public records during property title records examination search.

The title company are responsible to provide coverage when he title binder requirements are met; exceptions are to be listed on the title insurance commitment policy and will not be covered by the policy.

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