I would never use Fidelity National Title Insurance Company to protect my real estate. A claim was filed with Fidelity for me by their Title Officer for the loss of a mile long easement to 80 acres with views of the famous Napa Valley in California. Fidelity valued the loss at $0 by a Boise Idaho appraiser. After suing Fidelity I was forced to settle for a fraction of the loss. I question whether Fidelity National Title Insurance Company acted in Good Faith in the handling of my claim.
Sunday, December 9, 2012
The Easement is Valid - But Fidelity National Title Never Told Me
So as I delved into the documents that Fidelity provided - the most shocking thing which I discovered was that because of the Third Claims Counsel's inquiry - it was determined a year after it was lost - that the easement might actually be valid.
In the Policy Payment Approval Report dated June 26, 2009:
And then by the time the property has proven to be unmarketable without the easement:
So according to this - even though the loss of the easement for almost a year had affected the marketability of the property tremendously, the Third Claims Counsel appears to be preparing a defense that there was actually no loss and the property is as insured.
And on June 30, 2009 from a Fidelity employee to the Third Claims Counsel:
At this same time as we had dropped the price of the property dramatically without getting even the slightest offer, I allowed the property to be foreclosed on.