title insurance

title insurance
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. . 1996.

title insurance
n.
Insurance issued by a title company that has investigated the title to a property, guaranteeing that it has no known defects and insuring against claims based on a defective title.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


title insurance
Insurance issued by a title insurance company that protects a property buyer against loss if it is later discovered that title is imperfect — that is, that someone else has a claim to the property or that the description on the deed is erroneous. (See also: title search)
Category: Real Estate & Rental Property → Buying a House
Category: Real Estate & Rental Property → Homeowners

Nolo’s Plain-English Law Dictionary. . 2009.


title insurance
n. Insurance taken at time of purchasing property to protect against defects in chain of title.

Webster's New World Law Dictionary. . 2000.


title insurance
A contractual arrangement entered into to indemnify loss or damage resulting from defects or problems relating to the ownership of real property, or from the enforcement of liens that exist against it.

Dictionary from West's Encyclopedia of American Law. 2005.


title insurance
A contractual arrangement entered into to indemnify loss or damage resulting from defects or problems relating to the ownership of real property, or from the enforcement of liens that exist against it.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

title insurance
n.
   a policy issued by an insurance company guaranteeing that the title to a parcel of real property is clear and properly in the name of the title owner and that the owner has the right to deed the property (convey or sell) to another. Should a problem later arise with the title (such as an inaccurate description), the insurance company will pay the damages to the new title holder or secured lender or take steps to correct the problem.

Law dictionary. . 2013.

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