Explaining Title Insurance

Last Revised on December 28, 2009

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Have you ever heard about title insurance company? If not, please take a time to read further to understand what title insurance is all about? Title insurance is insurance a policy that is against loss from defects in title to real property and from the invalidity of mortgage liens. Many countries have this now a days, but it originally seemed to have started in the United States. It protects the owner or lender’s invested money in property from losing from various reasons like defects and liens. The lawsuits against the title can be hard to take place when the title is insured

The first title insurance company, the Law Property Assurance and Trust Society, was started in Pennsylvania in 1853. Title insurance was created in the United States and the vast majority of title insurance policies are written on land within the U.S. It is available in many other countries now a days. Countries like Canada, Australia, United Kingdom, Northern Ireland, Mexico, New Zealand, China, Korea and throughout Europe have formed title insurance companies.

Title company protects your in twofold directions. To get a clear title, it is very important that you get a clear title to the property when first purchasing the real estate proper. In order to do so, you must first be informed of any existing rights or claims that may, in the future, threaten your title and possession to the property.

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