What matters does the insurance policy cover?
Benefits include the following: -Assurance as to the identity of the legal owner of the property. -Identification of all existing financing recorded against the property. -Identification of all easements, private restrictions and other encumbrances recorded against the property. -Assurance as to the existence of legal right of access to the property. -Assurance to a lender that it has a valid and legally enforceable security interest in the property. -Indemnification against loss based on covered matters. -Indemnification as to the cost of defense against adverse claims based on covered matters.
