Title indemnity insurance is a form of insurance which protects owners and mortgage lenders against financial loss resulting from challenges or defects in the title to real estate. Title insurance is principally a product developed and sold as a result of an alleged comparative deficiency of land records. It is meant to protect an owner’s or a lender’s financial interest in real property against loss due to title defects, liens or other matters. It will defend against a lawsuit attacking the title, or reimburse the insured for the actual monetary loss incurred, up to the amount of insurance provided by the policy.
Title indemnity insurance is ordinarily taken out by a purchaser of the property or by the institution lending money on the mortgage in an amount equivalent to the purchase price of the property.
Standard Risk Covers
- Missing deeds/Errors in deeds, missing parts
- Lack of easements
- Absent landlord, absent tenant
- Adverse possession/Possessory Title
- Qualified title, insufficient root of title
- Un-discharged mortgages/Reserved rights, exceptions
Missing deeds require a Statuory Declaration – click here for a copy
All policies are provided by Standard & Poors AA- rated insurer