The insured closing is a transfer of risk that allows the parties to look to the resources of a national title insurance underwriter to solve any post-closing problems. In order for a closing to be an insured closing, the closing agent (Hendrich Title Company) must also be issuing the title policy.
Hendrich Title Company’s title insurance underwriter, Fidelity National Title Insurance Company, agrees to insure the lender and the buyer for any loss they may sustain by reason of failure to follow their written instructions. Lenders provide Hendrich Title Company with written instructions, while buyers and sellers provide a signed offer to purchase for use as their instructions. For questions about insured closings, please call Hendrich Title Company at (812) 232-2752.