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The Agreement for Sale says that I get a Title Insurance Policy as part of the purchase price. What is title insurance?

April 26, 2017Agreement for sale Insurance insurance policy price purchase title

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The Agreement for Sale says that I get a Title Insurance Policy as part of the purchase price. What is title insurance?

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Title insurance is an insurance policy that covers you for loss if there are any title defects with respect to your unit. Generally, title insurance offers broader coverage than a lawyers opinion on title and Chicago Title, the underwriter, has a history of settling claims very quickly.