Definitions for "TITLE INSURANCE POLICY"
A required insurance policy ensuring that the title will be held free of any liens other than those incurred by the buyer.
A contract by which the title insurance company agrees to pay the insured a specific amount for any loss caused by defects of title to a specifically described parcel of real estate.
In real estate, an insurance policy by which the insurer agrees to pay the insured (purchaser, mortgagee, etc.) a specific amount for any loss caused by defects of title to the subject property.