Title insurance is an insurance policy that provides compensation for loss or damage as covered for many risks associated with real estate, including coverage in the event that another request participation in the insured property or if the priority and enforceability of a mortgage lender on the title is disputed. You can visit https://www.clearskiestitle.com/ to know more about title insurance.
Title insurance provides coverage against the existing title defects at the time of closing, but is not known to the insured at the time. It also provides coverage against losses from many forms of fraud in securities.
Title insurance is widely used because of its comprehensive coverage and reduces costs and time of the closing of real estate. Those who can benefit from title insurance are home buyers, existing homeowners, residential and commercial lenders, and buyers of commercial real estate.
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