The Insured Search™ and The Insured Filing™ provide the benefit of First American expertise with peace of mind protection: the first effective insured search and filing products ever offered.
The Insured Search
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It must be kept in mind that all search companies have limitations on damages provisions in their search contracts to limit their liability. First American has a solution. Our innovative Insured Search product lets you insure the results of your search. The editing provided by The Assisted Search™, will give you the first effective insured search ever offered... and value added features that work in your favor:
  • True indemnity coverage of $25,000 for an initial premium of $29.00
  • Insurance against misindexing by the Secretary of State, incorrectly filed Termination Statements and other filing office errors
  • Editing of the search results and insurance that those items deleted in the review of the search report provided by the Assisted Search™ did not relate to your borrower
  • Additional insurance coverage of up to $250,000 per search report
 
Additional Coverage Available at:

 

$25,000.00 coverage................$29.00
$50,000.00 coverage................$39.00
$100,000.00 coverage..............$49.00
$150,000.00 coverage..............$59.00
$200,000.00 coverage..............$69.00
$250,000.00 coverage.............$79.00*

*These prices do not include additional correspondent, jurisdictional and/or delivery fees.
 
The Insured Filing

Through the innovative insurance product development of First American, you can now insure the filing of your UCC Financing Statement and the tracking of it's lapse date through The Insured Filing™, the first effective insured filing and tracking service ever offered!
This coverage insures the completeness of the filed Financing Statement and document preparation. The editing and "second set of eyes" provided by The Assisted Filing™, will give you the first effective insured filing ever offered…and value added features that work in your favor:

  • Coverage provided of $25,000 in indemnity coverage of the effectiveness of the filed Financing Statement and against inadvertent lapse for the initial premium of $29.00
  • Insures, for Registered Organizations, the accuracy of the debtor name – coverage for significant risk under the exact name criteria of Revised Article 9
  • Insures, for Registered Organizations, assuming attachment, the Perfection of your security interest and that you will prevail in a challenge to Perfection by a trustee in bankruptcy or a creditors' committee
  • Insures, for Registered Organizations, that you have filed in the correct Location under Revised Article 9
  • If we don’t warn you and your filing lapses, the loss of Perfection is on us to the insured amount and Additional insurance coverage up to $250,000 per filed UCC Financing Statement
 
Additional Coverage Available at:



$25,000.00 coverage................$29.00
$50,000.00 coverage................$39.00
$100,000.00 coverage..............$49.00
$150,000.00 coverage..............$59.00
$200,000.00 coverage..............$69.00
$250,000.00 coverage.............$79.00*

*These prices do not include additional correspondent, jurisdictional and/or delivery fees.

Questions?
1-800-700-1191 or e-mail us at uccorders@firstam.com
         
 

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