trade posts | Pennsylvania Title Insurance Continuing Education

He Sweetie,

Figured it was about time to trade posts =
again.
Here is mine for you.

Is your E and O =
coverage written
on a claims made and reported policy form? Do you even know what =
that
means? Apparently a claims made and reported policy form covers =
you for
errors or omissions which are first made and reported during the policy =
period,
as long as the act leading to the claim took place AFTER your =
retroactive or
prior acts date listed in your policy. The retroactive or prior acts =
date is
the most important feature of any E&O policy. I didn’t know =
there was
such a thing as a retroactive or prior acts date in my policy, did =
you? I
thought title insurance was complicated. I figured if I made a =
mistake or
even if I didn’t but somehow got caught up in a claim, my e and o =
would
cover me. Seems there is some important stuff in the fine =
print.