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Stewart Taps Texas for Water Insurance

HOUSTON-The concept is new to the Lone Star State, but it's been part of the Stewart lineup since 1996, first in Colorado and then Utah. A consumer watchdog group has reservations, but Stewart says the insurance has been well received in many circles.

By Beverly Ford | Updated on January 29, 2003

HOUSTON-A new plan offering water rights title insurance in Texas has the support of municipalities and water rights groups, says the Houston-based insurer. But, a consumer watchdog group has reservations about need and merit.

Stewart Water Information, a subsidiary of Stewart Title Insurance, is the only firm in the country that offers water rights title insurance to insure the ownership of a water supply. The company, which offers the insurance in Utah and Colorado, has recently made the product available in the Texas market.

“It takes the risk out of ownership,” Joseph Knox, president of Stewart Water, tells GlobeSt.com, explaining that the water title insurance policy, which is similar to property title insurance, gives the policy holder the assurance of owning water rights that can be conveyed to other users.

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