title insurance binder

Definition

A written promise from the title insurance company to insure the title to the property, based on the conditions and exclusions shown in the binder.

Use this term in a sentence

You should try to make sure that you don't lose track of your title insurance binder and keep it in a safe place.

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The title insurance company insured sam the title insurance binder and the title to the property based on conditions and exclusions shown in a binder.

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TITLE INSURANCE BINDER A written promise from the title insurance company to INSURE the title to the property, based on the conditions and exclusions shown in the binder.

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