title insurance

Definition

Insurance to protect a lender or owner against loss in the event of a property ownership dispute. Title insurance is most frequently used for mortgages, and is required by a large number of lenders. Title insurance has become necessary in the United States because, unlike many other countries, the United States (with the exception of a few areas) does not use a land registration system which could determine the validity of a claimed ownership of property.

Use title insurance in a sentence

When we bought our house, we made sure the seller paid for title insurance to give us faith that we would own the new property free and clear.

​ Was this Helpful? YES  NO 25 out of 25 people found this helpful.

I refuse to enter into real estate transfers without having title insurance to protect me from loss due to title defects, liens or other matters.

​ Was this Helpful? YES  NO 25 out of 25 people found this helpful.

To protect its mortgage interest in the property for which it had agreed to provide a loan, the bank required I purchase Title Insurance in the event of any claim.

​ Was this Helpful? YES  NO 25 out of 25 people found this helpful.

Show more usage examples...

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
owner's policy referral fees