. . . Real Estate Law Lecture Notes: Title Insurance . . . . ..
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Lecture
Notes: Title Insurance
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What does title
insurance cover?
Generally,
title insurance is written to cover the owner insuring against 4 covered risks:
1. Insurance
that the title is vested in the insured owner.
2. Insurance
against any defect, lien or encumbrance on the title
3. Insurqance
that the property has access to a public road.
4. Insurance
that the property is marketable.
A marketable
title is free from doubt, and enables the owner to hold the property in peace,
free from any risk that litigation will be necessary to assert or protect
the owners' right to own the property, or that any adverse claims may show
up.
