Definition of title insurance

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TeachMeFinance.com - explain title insurance



Title insurance -- insurance that protects the lender against any claims that arise from arguments about ownership of the property; also available for homebuyers.

another definition...

title insurance -- the insurance that protects both the lender and the homeowner (borrower) against loss resulting from any defects in the title or claims against a property that were not uncovered in the title search, and that are not specifically listed as exemptions to the coverage on the title insurance policy.



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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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