Title Insurance 101

Kanen Law Blog

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“Title” represents the bundle of rights associated with property ownership. Whoever title is vested in has the right to possess, occupy, improve or transfer that property as he or she sees fit. If you are financing your purchase of real property in order to obtain title, your lender will likely require you to purchase title insurance.

What is Title Insurance?

Title insurance is indemnity insurance bought by the purchaser of real property which protects against future defects in title. A title insurance policy is a contract of indemnity which insures against an actual monetary loss because of a defect, lien or other matter affecting title. Unlike other forms of insurance that insure against future loss, title insurance protects the insured against defects in the title that exist at the time of the closing but are asserted at a later time.

Title insurance insures against the risk that defect(s) will interfere…

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