Truly Title Insurance Review: A Comprehensive Guide
Truly Title Insurance, established in 2018 and based in Plano, Texas, operates within the financial services and real estate industries. With a reported revenue of $6 million in 2024 and employing 119 people, the company has garnered positive customer reviews praising its efficient closing processes and responsive customer service. This review delves into the company's history, services, pricing, customer support, and overall value proposition to help you determine if Truly Title Insurance is the right choice for your needs.
Overview
Year of Establishment and Background Story
Founded in 2018 by forward-thinking entrepreneurs in the title technology space and user experience experts, Truly Title Insurance set out to disrupt the industry. Their approach combines cutting-edge technology with a dedicated team to deliver a streamlined and exceptional title and closing service experience. This innovative strategy forms the core of their business model.
Key Milestones in the Company’s History and Growth
Since its inception, Truly Title Insurance has focused on merging innovative technology with a passionate team to create a unique and efficient experience in title and closing services. While specific milestones beyond its founding aren't publicly available, their rapid growth to 119 employees in a relatively short timeframe suggests significant success in the market.
Regulatory Compliance and Licenses
Truly Title Insurance operates under the following NAICS codes: 54, 541, 5411, 541191, 54119 and SIC codes: 65, 654. These codes indicate its operation within the financial and real estate sectors, implying adherence to relevant regulatory frameworks. Specific license details, while not readily available in the provided sources, are crucial for verifying compliance with state and federal regulations governing title insurance providers. Prospective clients should independently verify the company's licensing status with the appropriate regulatory bodies.
Insurance Products and Services
Main Insurance Products
Truly Title Insurance offers a range of services focused on property and mortgage transactions. Their core offerings include:
- Property Title Insurance: Providing land title insurance and real estate title insurance to protect buyers and lenders against potential title defects.
- Mortgage Services: Offering comprehensive title and closing services for mortgage transactions, streamlining the process for borrowers and lenders.
Coverage Options and Policy Details
While specific policy details regarding coverage amounts and exclusions aren't publicly available, the company emphasizes providing comprehensive coverage for property titles and mortgages. It is recommended to directly contact Truly Title Insurance for detailed information on coverage options and policy specifics relevant to individual situations.
Additional Services
Beyond their core offerings, Truly Title Insurance's involvement in the broader financial services industry suggests additional services might be offered, possibly including claims assistance related to title and closing issues. However, specific information on financial advisory services or the scope of claims assistance is not readily accessible through the provided sources.
Premiums and Pricing
Pricing Structure
Precise premium rates for various insurance types offered by Truly Title Insurance are not explicitly available. However, marketing materials and reviews suggest the company offers competitive premiums relative to industry averages. Obtaining a personalized quote directly from Truly Title Insurance is necessary for accurate pricing information based on specific property details and coverage requirements.
Comparative Analysis with Industry Averages
Direct comparison of Truly Title's premiums to industry averages requires access to broader market data on title insurance pricing. While the company positions itself as competitively priced, further independent research would be beneficial to confirm this claim. Comparing quotes from multiple title insurance providers is a prudent strategy before making a decision.
Discounts and Special Offers
Information regarding specific discounts, promotional deals, or limited-time offers from Truly Title Insurance is limited. It's plausible that the company offers standard industry discounts, such as those for multiple policies or volume purchases, but this should be verified through direct inquiry.
Customer Service and Support
Contact Methods
Customers can likely contact Truly Title Insurance through phone, email, and potentially live chat, although this last option isn't explicitly confirmed. However, the availability of 24/7 support or multilingual assistance is not specified in the available information. Prospective clients should confirm the available support channels and their operating hours directly with the company.
Pros and Cons of Truly Title Insurance
Pros
- Competitive Premiums: The company is known for its competitive pricing structure.
- Comprehensive Coverage: Offers comprehensive coverage for property titles and mortgages.
- Smooth Closing Processes: Customer reviews highlight efficient and smooth closing experiences.
- Immediate Responses to Questions: Positive feedback points towards prompt and responsive customer service.
Cons
- Limited Customer Service Information: Detailed information on customer support channels, availability (24/7, multilingual), and response times is scarce.
- Lack of Specific Pricing Details: Precise premium rates are not publicly available.
Conclusion
Truly Title Insurance, founded in 2018 and operating in Plano, Texas, provides property title insurance and mortgage services. The company has garnered a positive reputation for competitive premiums, comprehensive coverage, and efficient closing processes based on available customer reviews. Individuals and businesses seeking these services would find Truly Title's offerings beneficial. However, a lack of readily available detailed information regarding pricing, customer service availability, and specific policy details necessitates further direct inquiry with the company before making a final decision.
Frequently Asked Questions about Truly Title Insurance
Here are answers to some frequently asked questions about Truly Title Insurance:
| Question | Answer |
| What is Truly Title’s annual revenue? | $6 million in 2024 |
| Who is the President of Truly Title, Inc.? | Mike Kirby |
| How many employees does Truly Title, Inc. have? | 119 employees (as of the latest data) |
| Where is Truly Title, Inc. based? | Plano, Texas |
Key Takeaways
- Established in 2018
- Located in Plano, Texas
- Offers property title insurance and mortgage services
- Positive customer reviews for efficiency and responsiveness
- Competitive pricing but lacks detailed public information
References
[1] https://rocketreach.co/truly-title-inc-profile_b45f0f28fc6ab0c5
[2] https://www.apollo.io/companies/Truly-Title--Inc/100da4301103c66e0001c9ac94
[3] https://www.redfin.com/openbook/title-company/chicago-truly-title-sp5899468
