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Notary Bulletin

Do title companies require Signing Agents to have set amounts of E&O insurance?

I registered with a title company to receive closing assignments. However, the representative is telling me that I need to increase my E&O policy to $100,000. Is this normal?C.G., Colorado

Yes, it is normal for a title company or lender to require a specific amount of E&O coverage that must be carried by the Notaries with whom they contract. So, it is up to the individual companies to set their own coverage requirements.

Hotline answers are based on the laws in the state where the question originated and may not reflect the laws of other states. If in doubt, always refer to your own state statutes. – The Editors

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