UNSPSC 64121513: Title insurance policy

A type of risk management contract, found predominantly in the United States, which insures against financial loss from defects in title to real property and from the invalidity or unenforceability of mortgage loans.

UNSPSC 64121513 Title insurance policy is a Commodity code encompassing title searches, examinations, commitments, and insurance policies that state and local governments procure to support real property acquisition, disposition, condemnation, and facility management. State and local buyers under this code include county environmental and code-enforcement agencies conducting enforcement-related title work, and county real property divisions managing municipal real estate portfolios. Escambia County Environmental Code Enforcement and Suffolk County's Division of Real Property Acquisition and Management are recent soliciting bodies. The work involves Marketable Record Title Act searches with defined return timelines, title commitments and reports identifying all recorded interests in properties, issuance of owner policies with endorsements, closing attendance, continuation searches, and escrow services. Pricing typically follows state-established rate structures such as Title Insurance Rate Service Association (TIRSA) rates in New York, with unit pricing for searches and flat fees for closing services. Vendors must hold state licensure as title insurance companies and carry professional liability and general liability insurance; compliance with prevailing wage and living wage requirements applies in some jurisdictions.

Recent activity clusters in Florida and New York. Escambia County issued an RFQ (code 09302026) on October 7, 2026, for 30-year Marketable Record Title Act searches with 10 business day turnaround supporting environmental code enforcement through Fiscal Year 2027, requesting firm unit pricing for multiple searches with variable annual volume. Suffolk County's Office of Central Procurement issued an RFQ (202610) due June 10, 2026, for comprehensive title examination and insurance services under a three-year contract commencing January 1, 2027, with compensation structured on transaction volumes and TIRSA rates; the County specified New York State licensure, $2 million minimum professional liability coverage, and living wage compliance (minimum $17.86 per hour with benefits or $18.02 without for contracts with 10+ employees).