Posted on: 18th Jun, 2009 08:04 am
Who is answerable to take Title Insurance?
title insurance is a requirement of all mortgage lenders. borrowers pay the premium.
Can individual purchas i for his own protection?
yes, a purchaser is given an opportunity to purchase title insurance along with the policy that is provided to the lender. keep in mind that the lender's policy will not cover issues that would affect an owner
Title insurance policies as they pertain to real estate: owners and lenders title policies, terms of coverage, liability and protection.It covers the insured party for any claims and legal fees.
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