Home > Resouce Center
more info ยป
Title Insurance insures that the "record" title is good
subject only to the exceptions expressly set out in the policy. lt also insures
against certain matters which do not appear of record, such as forgery, identity
of parties, incompetence of former owners, interest of missing heirs, and status
of individuals not having the "right" to sell property.
The standard owners policy and standard mortgage policy are based
on public records of the recording district in which the land is located. It
does not insure against matters which would only be disclosed by actual
inspection or survey of the property. It does not insure against certain matters
not shown by the public records such as unrecorded easements, liens or money
obligations; unrecorded utility rights of way, public or private roads,
community driveways and other types of encumbrances, or against the rights or
claims of persons in possession of the property which are not shown by the
public records.
Upon application,
the issuing company may specially cover matters which are disclosed by a
physical inspection and/or a survey of the property, subject to any exceptions
which the inspection will determine to be proper. An additional risk premium is
charged for this type of coverage. Insurance of this kind is called extended
coverage. |
