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.
Saturday, December 6, 2014
Another Fidelity National Title Claim, Another Problem
Very sorry to read about your dealings with FNT. Thank you for posting
your blog. I am going through a somewhat similar process.
Mine is a black & white encroachment issue which FNT first denied the
majority of, then reconsidered and accepted full responsibility.
Subsequently the claims counsel refuses to pay my monthly carrying costs for an
unusable vacant property while they try to resolve it with the neighbor. After 9 months of grief, FNT offered me 50% of the insured
loss, take it or leave it, which would mean a loss of $80k to me.
I filed a complaint with the CA insurance commissioner, who in essence said
they have no power to do anything and to hire an attorney.
My first question, did you ever get a response from your 6/13 letter to Roger
Secondly, if you had to do it over again, what would you advise?
I am going to post what you wrote anonymously (somewhat) on
my blog - and this is starting to have an effect.
Here is what I feel and believe but it is my opinion. The bottom line is that they will do everything they
possibly can to NOT pay you and NOT pay you fairly but if you choose to sue it
is a long and costly process. When you go to depose their employees and consultants they are all over
the country and their "experts" depose at $500
plus expenses. The legal department of Fidelity in my opinion has no scruples whatsoever.
And I believe they dislike my blog.
There were two people I was communicating regularly with and they all of a
sudden disappeared so I believe that they settled but part of it was a gag
order. When I finally settled they forgot to put that in the agreement.
So I would use this. Please feel free to tell them that you have been in contact with me and
we are going to start posting a blow by blow of your process and see if this does not help to get them to step up to the plate. (Feel free to share this email.)
It is too late for me but if they do not want pay you for your loss perhaps they will
pay you to keep your mouth shut!!!!