What does title insurance do if a title defect is discovered?
If the insured party is a defendant in a lawsuit involving a covered matter, the title insurance company hires counsel and pays for the costs of the defense, even if the action against the insured has no merit. If there is a loss to be paid under the policy, the title insurance company’s reserves will cover it.
If the insured party is a defendant in a lawsuit involving a covered matter, the title insurance company hires counsel and pays for the costs of the defense, even if the action against the insured has no merit. If there is a loss to be paid under the policy, the title insurance company s reserves will cover it.
