Title insurance is an insurance policy that protects the holder from financial loss sustained through defects in a property's title. Mortgage lenders virtually always require borrowers to buy a mortgagee's policy of title insurance. The premiums paid on a business title insurance policy are typically tax deductible.
An Uninsurable Title refers to a real estate title that cannot be covered by title insurance due to significant defects or claims. This entry explores the reasons, examples, and implications of an uninsurable title.
