: insurance against loss due to an unknown defect in a title or interest in real estate
* * *insurance protecting the owner or mortgagee of real estate from lawsuits or claims arising from a defective title.
Useful english dictionary. 2012.
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title insurance — n: insurance that compensates for loss from title defects or encumbrances (as liens) that were unknown but should have been discovered at the time the policy was issued Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. title insurance … Law dictionary
Title Insurance — Insurance that covers the loss of an interest in a property due to legal defects and that is required if the property is under mortgage. Most title insurance is lender s title insurance, which is paid for by the borrower but protects only the… … Investment dictionary
title insurance — An insurance policy that insures that the ownership of a parcel or parcels of real property and the lien priority of secured creditors with an interest in that property is as the title insurance policy states. The insured party protected by the… … Financial and business terms
title insurance — A contract whereby the insurer for a valuable consideration agrees to indemnify the insured in a specified amount against loss through defect of title to real estate wherein the latter has an interest either as purchaser or otherwise. Fochrenbach … Ballentine's law dictionary
title insurance — insurance protecting the owner or mortgagee of real estate from lawsuits or claims arising from a defective title. * * * … Universalium
title insurance — noun Date: 1886 insurance against loss due to an unknown defect in a title or interest in real estate … New Collegiate Dictionary
Title insurance in the United States — is indemnity insurance against financial loss from defects in title to real property and from the invalidity or unenforceability of mortgage liens. Title insurance is principally a product developed and sold in the United States as a result of… … Wikipedia
title insurance commitment — A preliminary report prepared by a title insurance company and submitted to a potential secured party prior to a loan closing. The commitment shows the information and conditions that will appear on the final title insurance policy unless changes … Financial and business terms
Commonwealth Land Title Insurance Company — The Real Estate Title Insurance Company of Philadelphia was the world s first title insurance company. Contents 1 Background 2 History … Wikipedia
insurance — in·sur·ance /in shu̇r əns, in ˌshu̇r / n 1: the action, process, or means of insuring or the state of being insured usu. against loss or damage by a contingent event (as death, fire, accident, or sickness) 2 a: the business of insuring persons or … Law dictionary