YOU ASK:
What is the definition of Title Insurance?
WE ANSWER:
Title Insurance provides protection to a homeowner or owner of a piece of real estate in case his clear ownership of the real estate (as evidenced by his title to that real estate) is being contested because there is something wrong with the title, as well as when mortgage liens are either made invalid or unenforceable.
There are some cases when there may be problems with the existing title (especially when the property has changed ownership for a number of times). This may include unpaid real estate taxes, or the fact that when the title was transferred, a signature was forged.
Title insurance is designed to protect the insured person against lawsuits, as well as to protect the interest of the owner or mortgage issuer on the property.
Was this insurance question and its answer useful?
| Not a bit | Very useful |
Have an Insurance Question? Ask For Insurance
More insurance terms around title insurance:
- Tort
- Tort Law
- Tort Reform
- Total Disability
- Total Loss
- Transparency
- Travel Insurance
- Treasury Securities
- Treaty Reinsurance
- Twisting
- Time Limit on Certain Defenses Provision
- Time Deposit
- Third-Party Coverage
- Third-Party Administrator
- Terrorism Coverage
- Territorial Rating
- Term Life Insurance
- Term Certain Annuity
- Ten-Day Free Look Provision
- Tax-Deferred Basis