Title Insurance

Summary

This practice note provides an overview of title insurance, including distinguishing it from other types of insurance, and covering such topics as the title report, the survey, title insurance policy endorsements, the closing, the gap, reinsurance and coinsurance, and state-by-state premium and endorsement regimes. A title insurance policy may be defined generally as a contract that insures against actual loss resulting from defects, liens, or encumbrances against a property's title, subject to stated exceptions, exclusions, conditions, and stipulations of the policy.