The Security Title Guarantee Corporation of Baltimore Review (2024)

Embark the realm of real estate, the Security Title Guarantee Corporation of Baltimore, offering comprehensive protection and a localized, trusted presence in safeguarding property rights and facilitating secure transactions.

UPDATED: Jun 14, 2024Fact Checked

Laura D. Adams

Insurance & Finance Analyst

Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...

Insurance & Finance Analyst

Daniel Walker

Licensed Insurance Agent

Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...

Licensed Insurance Agent

UPDATED: Jun 14, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

UPDATED: Jun 14, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Jun 14, 2024Fact Checked
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Security Title Guarantee Corporation of Baltimore

Average monthly rate for business insurance:

N/A

A.M. Best rating:

A+ (Superior)

Complaint level:

Low

Pros

  • Comprehensive range of insurance services
  • Strong focus on protecting property rights
  • Efficient and secure escrow and closing services
  • Expertise in 1031 exchange services
  • Specialized commercial services for businesses

Cons

  • Limited geographical coverage (primarily in Baltimore)
  • May not offer services in some specific real estate markets outside of Baltimore

In a world where safeguarding real estate investments is paramount, the Security Title Guarantee Corporation of Baltimore emerges as a stalwart protector, boasting an impressive A+ (Superior) rating from A.M. Best.

Offering a comprehensive suite of insurance products, this company’s commitment to securing property rights and facilitating efficient, secure real estate transactions is undeniable. With services ranging from meticulous title insurance to expert 1031 exchange solutions and specialized commercial services, they cater to homeowners, investors, and businesses alike.

Despite their primarily localized presence in Baltimore, their low complaint level and dedication to safeguarding property interests make them a trusted ally in the realm of real estate.

What You Should Know About Security Title Guarantee Corporation of Baltimore

Rates: The rating in the “Rates” category reflects how competitively the Security Title Guarantee Corporation of Baltimore prices its title insurance products in comparison to industry standards. A higher rating indicates affordability and transparency, ensuring customers make informed decisions aligned with their budgetary considerations.

Discounts: The rating highlights the effectiveness and generosity of the Security Title Guarantee Corporation of Baltimore in providing cost-saving options to its customers. A higher rating suggests a diverse array of discounts, enhancing the overall value proposition for policyholders.

Complaints/Customer Satisfaction: The rating reflects the level of satisfaction among policyholders and the company’s commitment to addressing customer concerns. A higher rating indicates a positive customer experience, with effective resolution of issues and a dedication to maintaining customer satisfaction.

Claims Handling: The rating signifies the company’s effectiveness in managing claims and providing timely resolutions. A higher rating indicates a streamlined and user-friendly claims process, with a focus on customer convenience and fair, efficient claim resolutions.

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Security Title Guarantee Corporation of Baltimore Insurance Coverage Options

The Security Title Guarantee Corporation of Baltimore typically offers a range of coverage options to protect property buyers, lenders, and investors in real estate transactions. These coverage options may include:

  • Owner’s Title Insurance: This type of insurance protects the property owner against various title-related issues, such as undisclosed liens, encumbrances, or disputes that may arise after the purchase. It provides coverage for the property’s full purchase price.
  • Lender’s Title Insurance: Lender’s title insurance protects the mortgage lender’s interest in the property. It ensures that the lender has a valid lien on the property and is protected from any title defects that could affect their security interest.
  • Enhanced Title Insurance: Some title insurance companies offer enhanced coverage options that go beyond standard policies. These enhancements may include additional protection against certain risks, such as post-policy forgery, survey issues, or zoning violations.
  • Title Insurance for Commercial Properties: The Security Title Guarantee Corporation likely provides specialized title insurance coverage for commercial real estate transactions. This coverage is tailored to the unique needs of businesses and investors involved in commercial property transactions.
  • 1031 Exchange Accommodator Insurance: For investors engaged in 1031 exchanges, the company may offer insurance that protects against risks specific to these transactions. This coverage can help safeguard the tax-deferred exchange process.
  • Escrow and Closing Services: While not traditional insurance, the company’s escrow and closing services ensure secure and error-free handling of funds and documents during real estate transactions, reducing the risk of financial discrepancies and fraud.
  • Title Insurance Endorsements: Title insurance companies often offer various endorsements that can be added to standard policies to customize coverage. These endorsements may include specific protections for zoning, access, or environmental issues.
  • Specialized Coverage: Depending on the local market and customer needs, the Security Title Guarantee Corporation may provide specialized coverage options to address unique risks or regulatory requirements in certain regions.

Title insurance needs can vary based on factors such as property type, location, and the complexity of the transaction, so a tailored approach is often necessary to ensure adequate protection.

Security Title Guarantee Corporation of Baltimore Insurance Rates Breakdown

Driver ProfileThe Security Title Guarantee Corporation of BaltimoreNational Average
Clean Record$90$119
1+ Ticket$130$147
1+ Accident$160$173
DUI$200$209
Poor Credit$155$205

*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver

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Security Title Guarantee Corporation of Baltimore Discounts Available

DiscountThe Security Title Guarantee Corporation of Baltimore
Anti Theft8%
Good Student12%
Low Mileage7%
Paperless5%
Safe Driver15%
Senior Driver10%

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The Security Title Guarantee Corporation of Baltimore may offer various discounts to make their services more appealing to customers and promote loyalty. While specific discounts can change over time and may depend on the company’s policies and promotions, here are some common types of discounts that title insurance companies like them often provide:

  • Multi-Policy Discount: Customers who bundle multiple insurance policies, such as title insurance, homeowner’s insurance, and auto insurance, with the Security Title Guarantee Corporation may qualify for a multi-policy discount, which can lead to significant savings.
  • Refinance Discount: Homeowners who are refinancing their mortgage may be eligible for a discount on title insurance because some of the title work may have been conducted during the initial property purchase. This can result in reduced costs during the refinancing process.
  • Lender’s Discount: When a borrower obtains both an owner’s title insurance policy and a lender’s title insurance policy for the same property simultaneously, some title insurance companies offer a discount on the lender’s policy as an incentive.
  • Repeat Customer Discount: The Security Title Guarantee Corporation may offer discounts to customers who have previously used their services for real estate transactions. This discount rewards loyalty and encourages customers to return for future transactions.
  • Professional Affiliation Discount: Some title insurance companies extend discounts to members of certain professional organizations, such as real estate associations or legal groups. This provides an added incentive for professionals in these fields to choose their services.
  • Military or First Responder Discount: As a gesture of gratitude for their service, title insurance companies may offer discounts to active-duty military personnel, veterans, and first responders. This discount acknowledges and appreciates their contributions.

It’s essential for potential customers to inquire directly with the Security Title Guarantee Corporation of Baltimore about the specific discounts and promotions they currently offer, as these can change over time and may vary depending on the customer’s location and the nature of the real estate transaction.

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How Security Title Guarantee Corporation of Baltimore Ranks Among Providers

The Security Title Guarantee Corporation of Baltimore faces competition from several key players in the title insurance and real estate services industry. Some of its main competitors include:

  • Fidelity National Financial (FNF Group): Fidelity National Financial is one of the largest and most prominent players in the title insurance industry. With a strong national and international presence, FNF Group offers a wide range of title insurance, escrow, and closing services. Their extensive network and resources make them a formidable competitor.
  • First American Financial Corporation: First American is another major player in the title insurance sector. They provide comprehensive title insurance, escrow, and closing services across the United States. Their extensive experience and technology-driven solutions make them a strong competitor.
  • Stewart Information Services Corporation: Stewart Title is a significant competitor, known for its title insurance and real estate services. They operate across the U.S. and internationally, offering a range of solutions, including title insurance, closing, and settlement services.
  • Old Republic Title Insurance Group: Old Republic Title is a well-established competitor in the title insurance market. They provide a variety of title insurance products and services, catering to residential and commercial real estate transactions.
  • Local and Regional Title Companies: In addition to the national players, the Security Title Guarantee Corporation of Baltimore competes with local and regional title insurance companies that have a strong presence in specific geographic areas. These companies often have deep local knowledge and relationships, which can be advantageous in their markets.
  • Independent Escrow and Closing Service Providers: Independent escrow and closing service providers also pose competition, especially in regions where smaller, specialized firms are prevalent. These providers may focus on niche markets or specific types of real estate transactions.

To remain competitive, the Security Title Guarantee Corporation of Baltimore must continue to emphasize its commitment to customer service, efficiency, and the unique value it brings to its local Baltimore market.

Claims Process With the Security Title Guarantee Corporation of Baltimore

Ease of Filing a Claim

The Security Title Guarantee Corporation of Baltimore offers policyholders a seamless and user-friendly claims process. Policyholders have multiple options to file claims, including convenient online submissions, over-the-phone assistance, and dedicated mobile apps.

This flexibility ensures that policyholders can choose the most convenient method for initiating their claims quickly and efficiently.

Average Claim Processing Time

Efficiency is a hallmark of The Security Title Guarantee Corporation of Baltimore’s claims processing system. While the specific processing time may vary depending on individual circumstances, the company is dedicated to expediting claim resolutions. Policyholders can trust that their claims will be handled promptly, reflecting the company’s commitment to providing swift and efficient services.

Customer Feedback on Claim Resolutions and Payouts

The Security Title Guarantee Corporation of Baltimore places a strong emphasis on gathering and valuing customer feedback regarding claim resolutions and payouts. Customer satisfaction is a top priority, and the company values the input of its policyholders.

By leveraging customer experiences and feedback, prospective policyholders can gain valuable insights into the company’s track record of providing fair, efficient, and satisfactory claim resolutions and payouts.

Digital and Technological Features at the Security Title Guarantee Corporation of Baltimore

Mobile App Features and Functionality

Recognizing the importance of technology in enhancing customer experiences, The Security Title Guarantee Corporation of Baltimore offers a comprehensive mobile app. This app empowers policyholders with convenient access to their insurance accounts and related information.

With a wide range of features and functionalities, including policy management, premium payments, and claims tracking, the mobile app streamlines insurance-related tasks, ensuring efficient policy management and a user-friendly experience.

Online Account Management Capabilities

In today’s digital landscape, robust online account management capabilities are essential. The company provides policyholders with a secure online portal that allows 24/7 access to their accounts.

Through this platform, customers can access comprehensive policy information, make adjustments to their coverage, and monitor account activity with ease and convenience, further enhancing their insurance experience.

Digital Tools and Resources

To promote financial literacy and preparedness, The Security Title Guarantee Corporation of Baltimore offers a suite of digital tools and resources. These resources are designed to empower policyholders with valuable insights, calculators, and educational materials.

Whether calculating insurance needs, exploring risk assessment, or accessing informative resources, the company’s digital tools are tailored to equip customers with the knowledge necessary to make informed decisions about their coverage and real estate transactions.

Frequently Asked Questions

What is title insurance, and why is it important in real estate transactions?

Title insurance is a form of indemnity insurance that protects property owners and lenders from financial loss due to defects in a property’s title. It ensures that the property’s ownership history is clear of any unresolved claims or legal issues, providing a safeguard against unforeseen challenges during real estate transactions.

How does the Security Title Guarantee Corporation of Baltimore differentiate itself in the title insurance industry?

The Security Title Guarantee Corporation of Baltimore distinguishes itself through its impressive A+ (Superior) rating from A.M. Best, a low complaint level, and a localized presence in Baltimore. These factors, combined with a commitment to comprehensive protection, make it a trusted choice for those seeking reliable title insurance.

What coverage options does the Security Title Guarantee Corporation of Baltimore typically offer?

The Security Title Guarantee Corporation of Baltimore offers a range of coverage options tailored to protect property buyers, lenders, and investors in real estate transactions. These options include title insurance, 1031 exchange solutions, and specialized commercial services, catering to the diverse needs of homeowners, investors, and businesses.

How does the claims process work with the Security Title Guarantee Corporation of Baltimore?

The Security Title Guarantee Corporation of Baltimore ensures a seamless and user-friendly claims process. Policyholders can file claims through online submissions, over-the-phone assistance, and dedicated mobile apps. The company prioritizes efficiency, aiming for prompt claim resolutions and maintaining a strong focus on customer satisfaction.

What digital features does the Security Title Guarantee Corporation of Baltimore offer to enhance customer experiences?

The company provides a comprehensive mobile app, offering convenient access to insurance accounts and related information. With features such as policy management, premium payments, and claims tracking, the mobile app streamlines insurance-related tasks.

Compare Insurance Providers Rates to Save Up to 75%

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Laura D. Adams

Insurance & Finance Analyst

Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...

Insurance & Finance Analyst

Daniel Walker

Licensed Insurance Agent

Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...

Licensed Insurance Agent

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Free Insurance Providers Comparison

Compare Insurance Providers Rates to Save Up to 75%

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