What is the Definition of Title Insurance?

What is the Definition of Title Insurance?

Insurance that indemnifies the owner of real estate in the event that his or her clear ownership of property is challenged by the discovery of faults in the title.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Title Insurance?

You can find random definition and meaning of insurance terms below:


What is the meaning of Losses Incurred

Includes claims that have been paid and/or have amounts held in reserve for future payment


What is the meaning of Losses Incurred But Not Reported (IBNR)

An estimated amount set aside by the insurance company to pay claims that may have occurred, but for some reason have not yet been reported to the insurance company.


What is the meaning of Major Medical

a hospital/surgical/medical expense contract that provides comprehensive benefits as defined in the state in which the contract will be delivered.


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