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.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • 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 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 — insurance protecting the owner or mortgagee of real estate from lawsuits or claims arising from a defective title. * * * …   Universalium

  • 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

  • title insurance — noun : 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

  • title insurance — noun Date: 1886 insurance against loss due to an unknown defect in a title or interest in real estate …   New Collegiate Dictionary

  • Commonwealth Land Title Insurance Company — The Real Estate Title Insurance Company of Philadelphia was the world s first title insurance company.[1][2][3] 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

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”