What is Title Insurance?
insures against loss sustained by you if the title is, in actuality,
other than as insured. The beneficiaries of title insurance policies
generally are real estate buyers and mortgage lenders. A title insurance
policy protects you against title defects, liens, and encumbrances
existing as of the date of the policy and not excepted from coverage.
today require title insurance as part of their underwriting for
loans secured by mortgages or deeds of trust against real property.
Modern title insurance is provided by policy forms which have become
standardized through the joint cooperative efforts of the American
Land Title Association and the mortgage banking industry.