Kelly
Gonzalez, Broker 

Exit Realty Laredo
Laredo, TX
Broker/Owner
956-728-1114
 

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Title Insurance - Where Does Your Dollar Go?

Title Insurance: As a homebuyer, the term is probably familiar - but is it understood? What is your dollar actually paying for when you purchase a title policy?

Title Insurers, unlike property or casualty insurance companies, operate under the theory of risk elimination. Title companies spend a high percentage of their operating income each year collecting, storing, maintaining and analyzing official records for information that affects title to real property. Their technical experts are trained to identify the rights others may have in your property, such as recorded liens, legal actions, disputed interests, rights of way or other encumbrances on your title. Before closing your transaction, the title company will proceed to clear those encumbrances which you do not wish to assume.

This theory is different from that of most other insurance where, for example, rates and anticipated losses are based on actuarial studies and premiums are pooled on the assumption that a certain number of claims will be made. The distinction is important: title insurance premiums are paid to identify and eliminate potential risks and claims before they happen. Medical and casualty insurance premiums, for example, are paid to insure against an unpredictable future event, knowing that risks exist and claims will occur. Furthermore, title insurance involves a one-time premium, paid when you close the real estate transaction, while property, casualty and medical insurance require regular renewal premiums.

The goal of title companies is to conduct such a thorough search and evaluation of public records that no claims will ever arise. Of course, this is impossible -- we live in an imperfect world, where human error and changing legal interpretations make 100% risk elimination impossible. When claims arise, professional claims personnel are assigned to handle them according to the terms of the title insurance policy.

As in all competitive business environments, rates vary from company to company, so you should make comparisons before deciding on a particular title company. Your real estate professional can help you do this. In addition, there are many helpful customer services provided by title companies which you and your real estate professional may find helpful to your transaction.

The issuance of a title insurance policy is highly labor-intensive. It is based upon the maintenance of a title plant, or library of title records, in many cases dating back over a hundred years. Each day, recorded documents affecting real property and property owners are posted to these title plants so that when a title search on a particular parcel is requested, the information is already organized for rapid and accurate retrieval. This investment in skilled personnel and advanced data processing represents a major part of the title insurance premium dollar.

Article by CLTA

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Kelly Gonzalez | BROKER | Contact Us 
10414 Medical Loop B1 - Laredo, TX 78045
Copyright © , All Rights Reserved

Kelly Gonzalez Broker - Owner, B.A.
Commercial, Industrial, Residential & International Specialist
Broker Owner 
Commercial REO Consultant
Business and Commercial Financial Real Estate Consultant
State Instructor, Trainer, Mentor

Flor E. Gonzalez, Realtor
ABR, CSR, GRI, GREEN, RSPS, SFR, TAHS, TRC, TRLP



10414 Medical Lp Suite B1
Laredo, TX 78045
Phone: 956-728-1114
Email: exitlaredo@aol.com​

THE REAL ESTATE SOURCE, INC. 
dba EXIT REALTY LAREDO 
TEXAS REAL ESTATE CORP LICENSE # 0482743 

KELLY GONZALEZ, PRESIDENT 
BROKER OWNER & DESIGNATED SUPERVISOR 
TREC LIC # 0478417

FLOR E. GONZALEZ, REALTOR 
CORPORATE V.P. OF THE REAL ESTATE SOURCE INC. 
dba EXIT REALTY LAREDO 
TREC LIC # 0488968

Zip Codes Serviced

1. 78045
2. 78041
3. 78043
4. 78042
5. 78046
6. 78044

Testimonials

Estimado Lic. Gonzalez, De parte de mi familia les agradezco todo los servicios que le brindaron ha mi Padre y Madre en sus inverciones en Laredo y San Antonio. Saludo ha Flor y ha ti con todo corazon. Monica Garza V.
To Whom it May Concern: Rialto Capital Management is a real estate fund with real estate assets and holdings across the country. While my region of business was situated primarily in the Southern Nevada market, I managed a number of residential and commercial assets in Laredo, Texas. Every single one of my assets located in Laredo was listed with Kelly Gonzalez and his team at Exit Realty. Kelly and his entire team provided a level of service at the highest level and acted on our behalf with extreme quality and professionalism. Especially being an out of town prope1iy owner, it was very comf01iing knowing that Kelly could be counted on in all aspects of assisting in managing and selling our assets. Him and is team provided the perfect amount of communication, made prudent and sound decisions when required, and were trustwo1ihy through and through. At the end of the day, Kelly simply made life easier. I will continue to use Kelly for all of my real estate needs in Laredo and I wholeheaiiedly recommend him to others with real estate needs in Laredo. Eric Tan, Rialto Capital Management V.P.
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