Title Insurance Sunday, June 18, 2006
A policy that protects a buyer against errors or omissions or defects in the title of the property.
A policy of insurance which indemnifies the holder for any loss sustained by reason of defects in the title.
Insurance which protects the lender and the homeowner against loss resulting from any defects in the title or claims against a property that were not uncovered in the title search.
A policy, usually issued by a title insurance company, which insures a homebuyer against errors in the title search. The cost of the policy is usually a function of the value of the property, and is often borne by the purchaser and/or seller.
A contract by which a private title insurance company agrees to pay the insured a specified amount for any loss caused by defects of title to real estate, wherein the insured has an interest as purchaser, mortgagee, or otherwise.
An insurance policy that protects against losses arising from title defects such as forged or misfiled documents
insurance that protects the lender against any claims that arise from arguments about ownership of the property; also available for homebuyers.
Insurance against loss resulting from defects of title to a specifically described parcel of real property.
A policy issued by a title company after searching the title and which insures against loss resulting from defects of title to a specifically described parcel of real property or from the enforcement of liens existing against it at the time the policy is issued.
A policy which insures a borrower from losses resulting in errors or disputes in the ownership of property
Insurance to protect the lender (lender's policy) or the buyer (owner's policy) against loss arising from disputes over ownership of a property.
Insurance that indemnifies the owner of real estate in the event that his or her clear ownership of property is challenged by the discovery of faults in the title.
The insurance that protects the mortgage company, along with the homeowner, if an owner's policy is purchased against losses resulting from problems with the title of a property, or unknown liens (charges) or other inconsistencies relating to the title of the property.
Insurance written by a title company to protect property owner against loss in the event that title is found to be flawed.
Insurance that protects against loss arising from disputes over the true ownership of a property.
The process of determining the history of the ownership of a property in order to determine if the seller has legal ownership in the property they are selling. A fee is Charged.
Protection for lenders or homeowners against financial loss resulting from legal defects in the title.
A policy that guarantees that an owner properly has title to a property and can legally transfer title to someone else. Should a problem arise, the title insurer pays any legal damages.
Protection for lenders and homeowners against financial loss resulting from legal defects in or other claims against the property's title. The cost of the policy is usually a function of the value of the property and is often borne by the purchaser and or seller.
Protects your title-your ownership rightsfrom claims against it. Paid at closing, title insurance may be the responsibility of the buyer, the seller, or both, depending on what is traditional in your locality.
An insurance policy that protects the lender (and sometimes the property owner as well) against loss due to disputes over the ownership of a property and defects in the title that were not found in the search of the public record. For our comparison purposes, the title insurance cost is considered to be a third party fee.
An insurance policy which insures you against errors in the title search (to determine legal ownership), essentially guaranteeing your and your lender's financial interest in the property.
An insurance policy which protects the insured (purchaser and lender) against loss arising from defects in title.
Insurance that provides an INDEMNITY against loss or damage as a result of defect in title ownership to a particular piece of property. Title insurance covers mistakes made during a TITLE SEARCH as well as matters which could not be found or discovered in the public records such as missing heirs, mistakes, fraud and forgery. Compare, CERTIFICATE OF TITLE.
Protects lenders or homeowners against loss of their interest in property due to legal defects in title. Title insurance may be issued to a "mortgagee's title policy." Insurance benefits will be paid only to the "named insured" in the title policy, so it is important that an owner purchase an "owner's title policy", if he desires the protection of title insurance.
A policy of title insurance is a contract of indemnity between the insurance company and the owner of an interest in real property
Types of Title Insurance
Owner's title insurance
Title insurance policy
Lender's title insurance
Owners title insurance
Title insurance binder
Defective title insurance
All-inclusive title insurance
Lender’s title insurance
Lender's title insurance policy
Title insurance underwriter
posted by your Insurance @ 1:56 AM,
