Results for tag: "Title Insurance"

Title insurance is a form of property insurance that protects against financial loss from defects in title to real property and from the invalidity or unenforceability of mortgage liens. It is a type of indemnity insurance that is usually issued in conjunction with a real estate transaction. Title insurance provides protection against losses due to title defects, liens, encumbrances, or other matters that may affect the title to the property. It also provides coverage for legal fees and other costs associated with defending against a claim. Title insurance is typically purchased by the buyer of a property, but may also be purchased by the seller or lender. The cost of title insurance is usually based on the value of the property and the amount of coverage purchased. Title insurance is typically issued for a one-time premium, and the policy remains in effect as long as the insured owns the property. Some companies in the title insurance market include Fidelity National Financial, First American Title Insurance Company, Old Republic National Title Insurance Company, Stewart Title Guaranty Company, and Westcor Land Title Insurance Company. Show Less Read more