A kind of insurance that provides coverage to the owner of real property against claims that their ownership of the property is not valid because of mistakes made in the title paperwork.
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contract which indemnifies the owner or mortgagee of real estate against specified types of losses arising from defects in legal title to the property, liens, or encumbrances not specified in the title Insurance Policy, which the title Insurer issues only after an extensive search of real property and other legal records to find such flaws.
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Coverage for losses if a land title is not free and clear of defects that were unknown when the title insurance was written.
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Insurance that indemnifies the owner of real estate in the event that someone challenges his or her ownership of property, due to the discovery of faults in the title.