An insured statement of the condition of an ownership or security interest in real property. Insures against loss resulting from defects of title to the insured property.
Insurance paying monetary damages for loss of property from superior legal claims not excepted by the policy.
a contract between you and the title insurance underwriter insuring you against loss in the event a title defect occurs resulting from a covered risk
a contract to indemnify, or protect,
a contract to indemnify the purchaser for losses in the event of title failure
an insurance policy which would be provided by the seller to the buyer which represents that the seller is conveying good title without liens our impediments on the title
an insured statement of the condition of title, or ownership of real property
a statement from the underwriter insuring the condition of the ownership of your property
There are two types of title insurance: Lenders title insurance, also called a Loan Policy, and Owner's title insurance. Owner's title insurance policy protects homeowners from unforeseen claims made against title to real property, which were not discovered during the title/land record search.
An insurance policy which protects the insured from losses caused by defects in the title to the property.
Insurance against loss or damage resulting from defects in title to a particular parcel of real property. Owners Title Insurance Policy - protects the Owner/Buyer against loss due to a defect in the title Lenders Title Policy - a policy which protects the Lender in the event of a loss due to a defect in title Title Endorsements - additional title insurance coverage required by the lender, paid by the Buyer.
A contract that agrees to pay the insured a specific amount for any loss caused by defects of the title.
A policy provided by a title insurance company in which the insured is protected against losses caused by defects of title on real estate. The mortgagee must be named as insured.
Protects the insured up to a specified amount against losses arising from claims against the property due to a defect in the title. A mortgagee's (e.g. lender's) title insurance policy does not protect the owner. Owner's coverage may be purchased to protect the owner's equity interest.
An insurance policy that protects the investment or equity of the buyer, lender or owner in their real property interest.
A policy designed to protect the buyer or lender after closing from financial losses arising from any defects in the title that may have occurred prior to purchase.
A contract of title insurance under which the insurer, in keeping with the terms of the policy, agrees to indemnify the insured against loss arising from claims against the insured interest.
A contract in which an insurer, usually a title insurance company, agrees to pay the insured party a specific amount for any loss caused by defects of title on real estate in which the insured has an interest as purchaser, mortgagee, or otherwise.
A contract by which the insurer agrees to pay the insured a specific amount for any loss caused by defects of title to real estate, wherein the insured has an interest as purchaser, mortgage, or otherwise.
Protection against financial loss arising from defects in the title occurring before purchase.
A policy that protects the purchases, mor tgagee or other party against losses.
A policy which protects the lender in the event of a loss due to a defect in the Title. The owner´s policy protects the owner in this same way.
Insurance policy issued by title company guaranteeing legal title in real property to the named owner, listing any exceptions to its coverage, as well as the specific realty covered. A form of insurance contract which guarantees to indemnify an owner or mortgagee of property for damages suffered as a result of undiscovered title defects which arise later.
A contract by which the insurer, usually a title company, indicates who has legal title and agrees to pay the insured a specific amount of any loss caused by clouds, claims or defects of title to real estate, which the insured has an interest as owner, mortgagee or otherwise. (a) Owner's Title Policy: Usually issued to the landowner himself. The owner's title insurance policy is bought and paid for only once and then continues in force without any further payment. Owner's Title Insurance policies are not assignable. (b) Mortgagee's Title Policy: Issued to the mortgagee and terminates when the mortgage debt is paid. In the event of foreclosure, or if the mortgagee acquires title from the mortgagor in lieu of foreclosure, the policy continues in force, giving continued protection against any defects of title which existed at, or prior to, the date of the policy.
A contract by which the insurance company protects the purchaser, mortgage or other party against losses.
is provided by an insurer as a guarantee against losses arising from claims against the property due to a defect in the title. In Montana the Seller is required to provide this coverage for the Buyer.
A policy that protects the purchaser, mortgagee or other party against losses.
A policy that protects the properties purchased, Mortgage, or other party against losses.
A contract by which the insurer, usually a title insurance company, agrees to pay the insured a specified amount for any loss caused by defects of tile to teal estate, wherein the insured has an interest as purchaser, mortgagee, or otherwise.
Insurance written by a title company to protect the policy holder (grantee) against loss if title is imperfect; i.e., insuring that they have marketable title.