Startups are poised to disrupt the $14B title insurance industry â€“ TechCrunch
Now, finally, a handful of startups are taking on the title insurance industry, hoping to make the process of buying a policy easier, cheaper and more transparent.
These startups, including Spruce, States Title, JetClosing, Qualia, Modus and Endpoint, enable part or all of the title insurance buying process.
Whether these startups can finally topple the title insurance monopoly remains to be seen, but they are already causing cracks in the system.
Title insurance 101To understand how startups are beginning to challenge title insurance incumbents, we need to first understand what title insurance is and what title companies do.
Title insurance is unique from other types of insurance, which require ongoing payments and protect a buyer against future incidents.
Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.
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