Answer No. 1
Few things are included in a typical Title insurance. These include:
- Mortgage that is affecting the property
- Lien that is resulting out of any government interpretation or court order.
- Registered documents that are not filled properly.
- Title that is not completed properly.
- Any case of forgery related to the title.
- Access right while lacking in the property is also included.
- If another party fails to complete the purchase process, that will also be included in the title insurance.
- Any type of encroachment or other reasons showing obligation to construct the residence. There might be a legal dispute in the matter or some legal constrains too.
Answer No. 2
Title insurance covers different things that are providing obligation for you to transfer the property on your name. It will include all types of obligations, where your role is least. This includes mortgages and even liens that are highly affecting the property. Lien can be from a government in the form of taxes or can be due to court orders. If a title is not completed duly or the registered documents are not submitted in the proper style, that also is included in the title insurance. While other party fails to pay the due amount or if there is any fraud from that side, the same will be included in the title insurance.
Answer No. 3
Title insurance covers one of the major areas while dealing with the properties. This is the area, which will protect you in a case of any fraud or wrong commitment from the other party. If any case of forgery or delay is found from your party, for which the registration is incomplete, or payment is half-made, all those will be included in the title insurance. In the case of any lien from the court or for a tax imposed by Government, the registration is not completed; the same will be covered in title insurance. To get the support regarding Title Insurance, try to get in touch with a lawyer.