: insurance against loss due to an unknown defect in a title or interest in real estate
Example Sentences
Recent Examples on the WebWith a workforce that is 70 percent female, First American, the Santa Ana, Calif.-based title insurance company, makes women's health advocacy a priority. Diane Herbst, Peoplemag, 31 Aug. 2022 Only the most naïve buyer will fail to obtain title insurance. Larry Light, Forbes, 11 Sep. 2021 Other common closing costs include taxes, real estate commissions, and title insurance payments. Tristan Bove, Fortune, 27 Apr. 2022 Other costs associated with condos include the title insurance (the second highest fee), which will generally run about 2% of the mortgage amount, plus a flat lender’s fee and attorney fee. Kristin Tablang, House Beautiful, 16 Apr. 2022 The title insurance company has been sued by most of the victims who alleged that Chicago Title was partly culpable.San Diego Union-Tribune, 1 Apr. 2022 There are good reasons lenders require title insurance to lend you money. Gary Singer, sun-sentinel.com, 24 Feb. 2022 Have a thorough property inspection performed, get a title search, and arrange for title insurance just like any other closing. Gary Singer, sun-sentinel.com, 17 Feb. 2022 Fidelity National Financial is engaged in the provision of title insurance and transaction services to the real estate and mortgage industries. Q.ai - Make Genius Money Moves, Forbes, 7 Sep. 2021 See More
Word History
First Known Use
1882, in the meaning defined above
Legal Definition
title insurance
noun
: insurance that compensates for loss from title defects or encumbrances (as liens) that were unknown but should have been discovered at the time the policy was issued