Title Insurance Definition: Title insurance is a type of protection that covers lenders and homebuyers when there is a financial loss due to defects in a title. It’s a form of indemnity insurance, and the most common claims filed with this type of converging include liens, back taxes, and issues with wills and estates.
The title insurance policy protects from various risks, including falsified documents and information, incorrect or misstatements regarding ownership, and other issues, including poor records.
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