Category: Insurance Tips

You Cannot Get Title Insurance on Mineral Rights

You Cannot Get Title Insurance on Mineral Rights

You Cannot Get Title Insurance on Mineral Rights You cannot get title insurance on mineral rights. How do I know this? In 2006 I took the introductory course for new landmen at the University of Oklahoma. The course was an intensive two-day course offered by a CPL (a Certified Professional Landman — the highest and […]

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Why Do You Need Flood Insurance?

Why Do You Need Flood Insurance?

  Why Do You Need Flood Insurance? According to Edward L. Connor, Deputy Administrator, Insurance, for the Federal Insurance and Mitigation Administration, “Floods can bring, mud trash and, if you don’t have flood insurance, debt.” If your home floods, you will incur debt to recover after a devastating flood. Many people do not have enough […]

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Buyer’s need to Understand Title Insurance Commitment’s

Buyer’s need to Understand Title Insurance Commitment’s

This article was originally posted by a REALTOR® in Texas.  Nevertheless, the information is relevant for buyers in Oklahoma who are trying to understand their title opinion. Keep in mind, however, that you cannot get title insurance on the mineral estate. Title insurance was only ever intended to cover the attorney’s opinion regarding the surface […]

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