Title insurance is a national industry. However, statutes, regulations, rules, and practices can differ significantly between states. In this article, we’ll talk about some of the differences in the states where we underwrite title insurance.
States in Which We Write Title Insurance
A lot of people recognize Commercial Partners Title as being the experts on title insurance in Minnesota, but many don’t realize that we also write directly in other states across the country, including:
- North Dakota
- South Dakota
We can also place orders nationwide. We have multiple underwriters and agents that we have good relationships with, and we utilize their resources and expertise when working with clients across the country.
You shouldn’t expected title insurance to be the same in one state as it is in another state. It’s very different across the country. In the upper Midwest (Minnesota, North Dakota, South Dakota, Wisconsin, Iowa) it’s pretty similar. Florida is quite a bit different from the states in the Midwest. That said, even among Midwestern states, there are differences.
The Torrens System in Minnesota
For example, one of the big differences that we encounter when people place orders with us from different states is the Torrens system in Minnesota. It’s often difficult for people from other states to understand that system or comprehend the requirements that are necessary when the property is a Torrens piece of property. We encounter similar situations when we place orders in other states as well. Those states don’t necessarily operate the same way as Minnesota. So if we have a developer or investor in Minnesota that is building a convenience store in Tennessee, we have to follow the guidelines in Tennessee. We don’t necessarily use the same types of endorsements and the processes are not the same as they are in Minnesota.