Insurance for the owner of the property, rather than a lien holder. Insures the buyer against loss due to any defect of the title not excepted or excluded from the policy.
Policy issued by North American Title Company to the purchaser of the property instead of the lien holder. It guarantees clear title to the property, subject to exceptions. Based on the home's sale price.
An insurance premium charged by the title company to insure the buyer that the title is free from defects and the seller has merchantable title.
Title insurance for the owner of a property, not the lienholder.
Insures the buyer against loss due to any defect in the title not excepted to or excluded from the policy.
A policy protecting the buyer for the amount of the purchase price in the event of a future title dispute.