Nuts and Bolts of Title Insurance

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Title insurance is deemed a prerequisite in myriad of real estate transactions including but not limited to purchasing a real property. Buyers must usually acquire title insurance as lenders require acquisition of such insurance before approving a loan. In addition, for long-term commercial leases, tenants should often demand title insurance from owners. In this article, we explore, to some extent, some of the preliminary questions confronting an average title insurance consumer including: What does title insurance do? What are some limitations to title insurance? How to select a title insurance company? What are some important items to look out for in a title insurance product mainly the Preliminary Report? And, what are some salient points in selection of title insurance companies?

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Doron Eghbali, Law Advocate Group, LLP | Attorney Advertising

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