06 Dec 2016

a) What is title insurance?

Title insurance is an insurance policy to be established by an insurance company which insures or underwrites the dwelling buyer and mortgage lender( where mortgage financing is involved) against loss or damage maintained as a result of included claim perils and imperfections. It farther insures against various difficulties which would have been disclosed by an up-to-date examination of the belonging and against the property’s failure to comply with municipal or other applicable regulatory authority requirements. In quintessence, it carries health risks connected with the belonging claim from the dwelling buyer and mortgage lender to the claim company.

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