National Consumer Title Insurance Company, Florida (FL): Contacts, Claims, Reviews, CPL Validation, Ratings, Financial Details, Legal and Compliance

NCTIC serves as a title insurance underwriter, equipping agents with the essential tools, technology, and unwavering support required to thrive in their professional endeavors, thereby establishing a strong foundation for their success.

NCTIC additionally safeguards customers against financial losses resulting from title defects or claims that could impact their property’s ownership or utilization.

If you’re in search of a title insurance company offering agents and customers professional and all-encompassing services, National Consumer Title Insurance Company (NCTIC) is worth your consideration.

In this article, we will review NCTIC’s contacts, claims, reviews, CPL validation, ratings, financial details, coverage details, and legal and compliance aspects.

National Consumer Title Insurance Company
Discover how NCTIC empowers agents with essential tools and unwavering support in the title insurance industry, ensuring their professional success. PHOTO: Freepik

 

National Consumer Title Insurance Company Contact Information

If you require communication with the National Consumer Title Insurance Company for any reason, you can choose from the following contact methods:

Information Details
Phone Number 855-294-7372
Address 6265 Old Water Oak Rd Suite 204, Tallahassee, FL 32312, Tallahassee, FL 32312
Email Address Info@nctins.com

 

National Consumer Title Insurance Company Products and Services

Some of the products and services that NCTI offers to its agents are:

  • Search Packages

NCTI offers agents the ability to access thorough and precise title searches.

These searches encompass vital details like ownership history, legal descriptions, tax status, liens, judgments, easements, and other factors influencing the property’s title.

These search packages serve as valuable tools for agents to confirm the title’s authenticity and suitability for the market, while also pinpointing any prospective concerns or issues that require resolution before the closing process.

  • Policy Typing Services

NCTI offers support to agents in the preparation and issuance of title insurance policies that adhere to NCTI’s underwriting standards and guidelines.

By providing policy typing services, NCTI enables agents to streamline their policy production process, saving time and valuable resources while maintaining precision and compliance.

  • Policy Jackets and Closing Protection Letters

NCTI is equipped to furnish agents with the essential policy jackets and closing protection letters necessary for the issuance of title insurance policies.

Policy jackets consist of the printed forms outlining the terms and conditions governing the title insurance policy.

Meanwhile, closing protection letters are documents that provide assurance to lenders or buyers, guaranteeing that NCTI will safeguard them against any losses or damages resulting from the agent’s failure to adhere to closing instructions or appropriately disburse funds.

  • Updates On The Latest In Industry News, Regulatory Alerts, and Business Development Advice

NCTI ensures agents are well-informed and up-to-date with the most recent advancements and shifts within the title insurance sector, encompassing fresh legislation, regulations, industry norms, optimal strategies, market prospects, and hurdles.

Providing industry updates, regulatory notifications, and guidance on business expansion enables agents to maintain a competitive edge and foster business growth.

National Consumer Title Insurance Company Claims

If you possess a title insurance policy with NCTIC and find it necessary to initiate a claim, you can commence the process by reaching out to NCTIC’s claims department.

You may do so by contacting them at 855-294-7372 or sending an email to claims@nctins.com.

It is essential to furnish them with your policy number, the property’s address, your contact details, and a concise account of the claim in question.

Once you provide this information, NCTIC will assign a claims representative to assist you and steer you through the claim resolution procedure.

National Consumer Title Insurance Company Reviews

NCTIC does not have many online reviews from customers or agents, but the few that we found were mostly positive.

For example, on Google Reviews, NCTIC has a rating of 4.5 out of 5 stars based on six reviews.

One reviewer wrote: “Great company to work with. Very professional and helpful.”

Another reviewer said: “I have been working with NCTIC for over a year now and they are awesome! They are always quick to respond and provide excellent service.”

On Facebook, NCTIC has a rating of 5 out of 5 stars based on one review.

The reviewer wrote: “NCTIC is a great company to work with. They are very knowledgeable and friendly.”

National Consumer Title Insurance Company Ratings

NCTIC boasts an A’ (A Prime) rating from Demotech, an independent financial analysis firm specializing in the assessment of property and casualty insurance companies.

This rating, the second-highest in Demotech’s scale, underscores NCTIC’s exceptional financial stability.

It signifies NCTIC’s unwavering ability to maintain a positive surplus for policyholders, liquidity in invested assets, a responsible level of financial leverage, sensible reserves for losses and loss adjustment expenses (L&LAE), and a realistic approach to pricing.

Furthermore, NCTIC’s commitment to outstanding customer service and satisfaction is reflected in its A+ rating from the Better Business Bureau.

National Consumer Title Insurance Company CPL Validation

A Closing Protection Letter (CPL) serves as a safeguarding document designed to shield the lender or the buyer against potential losses or harm resulting from the fraudulent activities, negligence, or non-compliance with the lender’s directives by the closing agent.

NCTIC provides CPLs to its agents and clients as an integral component of their title insurance services.

To ascertain the authenticity of a CPL issued by NCTIC, you can conveniently utilize their online CPL verification tool.

Simply input the agent’s file number and the NCTIC ID indicated on the CPL, then proceed with the submission.

The tool will promptly verify the CPL’s validity.

National Consumer Title Insurance Company Financial Details

NCTIC, a recently established company, was established in 2016.

According to its most recent annual report submitted to the NAIC, as of December 31, 2020, NCTIC held total assets amounting to $8.7 million, with total liabilities of $4.4 million.

In 2020, the company generated a net income of $1.3 million and maintained a surplus of $4.3 million.

Furthermore, NCTIC wrote direct premiums totaling $16.9 million for the year 2020.

National Consumer Title Insurance Company Legal and Compliance

Here are some aspects of NCTIC’s legal and compliance:

  • Licensing Information

NCTIC holds licenses permitting its operations in 38 states and the District of Columbia, as indicated on its official website.

The website additionally furnishes a comprehensive roster of these states along with their corresponding license numbers.

NCTIC operates as a subsidiary of Southern Fidelity Insurance Company (SFIC), which likewise possesses licenses enabling it to operate in numerous states.

  • Privacy Policy

The privacy policy of NCTIC outlines its practices of gathering, utilizing, and revealing personal data from customers, agents, and website visitors.

These actions serve various objectives, including service provision, transaction processing, research, and adherence to legal requirements.

Additionally, the policy details NCTIC’s measures for safeguarding the security and confidentiality of this information, as well as the methods through which customers can access, rectify, or remove their personal data.

  • Terms and Conditions

NCTIC’s website and online services are subject to their terms and conditions, which encompass disclaimers of warranties and liabilities, restrictions on damages, provisions for indemnification, arbitration agreements, and protection of intellectual property rights.

These terms and conditions further specify that NCTIC reserves the right to make changes to or discontinue the website and services without prior notice.

Frequently Asked Questions (FAQs)

  • What is NCTIC and what does it do?

NCTIC stands for National Consumer Title Insurance Company, and it serves as a title insurance underwriter that equips agents with the essential tools, technology, and unwavering support required to thrive in their professional endeavors.

NCTIC also safeguards customers against financial losses resulting from title defects or claims that could impact their property’s ownership or utilization.

  • How can I contact NCTIC?

You can contact NCTIC by phone at 855-294-7372, by email at Info@nctins.com, or by mail at 6265 Old Water Oak Rd Suite 204, Tallahassee, FL 32312.

  • What are some of the products and services that NCTIC offers to its agents?

Some of the products and services that NCTIC offers to its agents are search packages, policy typing services, policy jackets and closing protection letters, and updates on the latest in industry news, regulatory alerts, and business development advice.

  • How can I initiate a claim with NCTIC?

If you have a title insurance policy with NCTIC and need to initiate a claim, you can start the process by contacting NCTIC’s claims department at 855-294-7372 or claims@nctins.com.

You will need to provide your policy number, the property’s address, your contact details, and a brief description of the claim in question.

NCTIC will assign a claims representative to assist you and guide you through the claim resolution procedure.

Conclusion

I have confidence that this article offered you both pleasure and valuable knowledge as you explored the workings of the National Consumer Title Insurance Company.

If you’re seeking additional articles similar to this one, be sure to delve into our blog for in-depth content covering various topics related to insurance.

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