Register
Log In
Forget your Password?

Home
Directory
Bulletins
Forums
Blogs
Articles
Links
Classifieds
About Us
Contact Us
Advertise
FAQ
Privacy Policy


Discussion
<< get older messagesget newer messages >>
to post a message: login - or - register | search messages | show all replies



[+] First Title & Escrow - Are They OK? - Bruce Murch/VA (2 replies)
1/19/2011 5:55:29 PM (3415 views)

[+] Shorpy - Leigh Attridge/MA (4 replies)
1/19/2011 5:21:55 PM (3203 views)

[+] What If? - Kevin Ahern/CT (7 replies)
1/19/2011 3:06:49 PM (3214 views)

[+] Financing Statement - Abstractor/MI (1 reply)
1/19/2011 11:34:26 AM (3004 views)

Lowell Building Inspector Charged with Stealing Home from Elderly Woman - Leigh Attridge/MA
1/19/2011 8:17:50 AM (5304 views)




[+] Public Records Database Idea - William Pattison /CA (10 replies)
1/16/2011 8:44:50 PM (3706 views)

[+] FBI investigating bidders in other states? - William Pattison /CA (2 replies)
1/13/2011 7:16:21 PM (3666 views)

New Jersey issues Order to 6 lenders and servicing providers - CHARLENE  PERRY/MD
1/13/2011 11:14:40 AM (4242 views)

I do believe I have ADD - CHARLENE  PERRY/MD
1/12/2011 3:22:45 PM (2973 views)

[+] capstone title - Christine Sheeler/PA (3 replies)
1/12/2011 2:07:01 PM (3793 views)

[-] Indemnity or Hold Harmless Agreements - Scott Aduddell/MO (22 replies)
1/11/2011 11:20:06 AM (3641 views)
Re: Indemnity or Hold Harmless Agreements - Kevin Ahern/CT
1/11/2011 3:02:15 PM (3984 views)
Re: Indemnity or Hold Harmless Agreements - Barbara Bennett/IN
1/11/2011 7:27:56 PM (3998 views)
Re: Indemnity or Hold Harmless Agreements - Nils Nelson/ME
1/11/2011 8:31:34 PM (5687 views)
Re: Indemnity or Hold Harmless Agreements - Kevin Ahern/CT
1/12/2011 3:31:51 AM (4231 views)
Re: Indemnity or Hold Harmless Agreements - Robert Franco/OH
1/12/2011 10:04:10 AM (3931 views)
Re: Indemnity or Hold Harmless Agreements - Slade Smith/OH
1/13/2011 12:49:44 PM (3927 views)
Re: Indemnity or Hold Harmless Agreements - Leigh Attridge/MA
1/13/2011 3:55:18 PM (3829 views)
Re: Indemnity or Hold Harmless Agreements - Slade Smith
1/13/2011 5:28:20 PM (3897 views)
Re: Indemnity or Hold Harmless Agreements - Leigh Attridge/MA
1/13/2011 6:19:08 PM (3906 views)
Re: Indemnity or Hold Harmless Agreements - Scott Aduddell/MO
1/12/2011 11:26:45 AM (3993 views)
Re: Indemnity or Hold Harmless Agreements - Kevin Ahern/CT
1/12/2011 3:19:38 PM (3831 views)
Re: Indemnity or Hold Harmless Agreements - Matt Burger/VA
1/12/2011 5:51:47 PM (4028 views)

I think we may have gotten the same email this week. I got one of these agreements and there was a glaring General Indemnity section. I immediately went to my E&O policy and found that it specifically excludes those so I would be accepting unlimited liability that is not insured. Of course I cannot do that. I'm exploring my options now as I would very much like to maintain my business with this client. The thing is that the General Indemnity statement is most likely what would exclude the insurance coverage. The attempt to tighten their coverage actually reduces it as I was never going to be able to cover a major claim anyway it was always going to be the insurance comany. The attempt to obligate me further makes it impossible for them to recover. I hope these companies realize that an agreement that they can never collect on holds no real value to them and they will stop the practice. You start to think...isn't that what the title insurance is for? It goes deeper to the aggressive policies of the insurance companies of subrogating all their claims and turning around and demanding payment back through the chain. It would appear as if there is no actual insurance at all but a system set up so that the insurance company never pays any claims. You can sort of understand where the vendor managment company is coming from since there is no insurance just their bank accounts when something goes wrong. Unfortunately either way in the end it still remains impossible to get blood from a stone. The guys on the ground just can't pay, we don't have the money.

to post a reply: login - or - register


Re: Indemnity or Hold Harmless Agreements - Leigh Attridge/MA
1/12/2011 7:07:09 PM (3833 views)
Re: Indemnity or Hold Harmless Agreements - Matt Burger/VA
1/13/2011 12:09:03 AM (3909 views)
Re: Indemnity or Hold Harmless Agreements - Kevin Ahern/CT
1/13/2011 9:01:20 AM (4041 views)
Re: Indemnity or Hold Harmless Agreements - Robert Franco/OH
1/13/2011 9:17:15 AM (3770 views)
Re: Indemnity or Hold Harmless Agreements - Kevin Ahern/CT
1/13/2011 9:30:46 AM (3776 views)
Re: Indemnity or Hold Harmless Agreements - Leigh Attridge/MA
1/13/2011 9:32:28 AM (3798 views)
Re: Indemnity or Hold Harmless Agreements - Kevin Ahern/CT
1/13/2011 11:26:29 AM (4080 views)
Re: Indemnity or Hold Harmless Agreements - Robert Franco/OH
1/13/2011 9:36:23 AM (3963 views)
Re: Indemnity or Hold Harmless Agreements - Helene /GA
1/19/2011 9:55:22 PM (3812 views)
Re:Example: Indemnity or Hold Harmless Agreements - Karen Hurley/KY
1/17/2011 3:22:20 PM (4329 views)

[+] Flagship Title Services Hampton Va - Teresa Melvin/VA (2 replies)
1/11/2011 10:26:09 AM (5328 views)

Judges Berate Lawyers in Foreclosures - Leigh Attridge/MA
1/11/2011 8:57:02 AM (4294 views)

Foreclosure class action KY - Karen Hurley/KY
1/11/2011 4:13:50 AM (4690 views)

[+] NRE - Anonymous/MD (2 replies)
1/10/2011 12:08:37 PM (3251 views)


<< get older messagesget newer messages >>

DISCLAIMER: These Message Forums are un-moderated and Source of Title does not endorse the content of any of the posts. Source of Title discourages libelous comments and you, as the sole creator of the content, take full responsibility for your remarks.
Directory

The Source of Title Business directory has 8973 listed companies.

Leave feedback on a company:
SOT ID #:  learn more...
DRN Title Search
Blogs

Read other users' blogs-- or start your own!

Most Recent Blog Posts:

****Seeking Experienced Abstractors Nationwide****
Soni Rahman's Blog
2026/04/21
0 comments

What Is Title Insurance & Benefits
Michael Stelzer's Blog
2026/03/14
0 comments

The Source of Title - Part I: Freedom Written, Freedom Insured
Ben DuBay's Blog
2026/02/15
0 comments

Articles

Source of Title articles help to keep you informed on the state of the title industry.

Builder Sentiment Posts Notable Decline on Economic Uncertainty
“Builder sentiment has fallen back in spring as buyers face ongoing elevated interest rates and growing economic u...
Baby Boomers Remain Largest Share of Home Buyers as First-Time Buying Falls to Record Low
“The housing market remains sharply divided between homeowners with equity and first-time buyers trying to break i...
Mortgage Applications Increase in Latest MBA Weekly Survey
“Given the evolving situation in the Middle East and its impact on energy and commodity prices, mortgage rates dec...
March New Home Purchase Mortgage Applications Increased 11 Percent
“Applications for the purchase of newly built homes increased in March, posting monthly and annual gains, and reac...
NAR Existing-Home Sales Report Shows 3.6% Decrease in March
“March home sales remained sluggish and below last year’s pace,” said NAR Chief Economist Dr. Lawrence...

Search Articles:
browse...

Classifieds

Buy, sell, or trade! Browse the ads or post your own!

© 2020, Source of Title.