Title Insurance

Business / Taxes / Title Insurance: Title insurance protects your lender’s interest in your home and real property in case its ownership is contested in court. Before you close on any property purchase, your lender will require a title search — an examination of all the property records by an attorney or title company, to ensure that the seller owns the property and has the right to sell it. But just in case something is not revealed in the title search, your lender will usually require you to obtain title insurance as added protection until you have paid off your mortgage. You may also choose to purchase additional insurance to protect your own title and claim to the property. Usually, you pay for title insurance as a one-time cost at closing. While some states regulate title insurance costs, others don’t.

Other Words for Insurance

Insurance Verb Synonyms: assurance, surety, indemnity, indemnification, guarantee or guaranty, warranty, bond, security, protection, cover
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Other Words for Title

Title Noun Synonyms: caption, inscription, headline, head, subtitle, legend, subhead, rubric
Title Adjective Synonyms: name
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American Land Title Association (ALTA) Policy

Business / Real Estate / American Land Title Association (ALTA) Policy: A title insurance policy that protects the interest in a collateral property of a mortgage lender who. MORE

Title

Business / Construction / Title: Evidence (usually in the form of a certificate or deed) of a person's legal right to ownership of a property. MORE

Certificate Of Title

Business / Real Estate / Certificate Of Title: A statement of opinion prepared by a title company, licensed abstracter or an attorney on the status of a title to a parcel of real property, based on an examination of specified public records. This MORE

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