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Title insurance - Voyager, the free encyclopedia (Site not responding. Last check: 2007-10-22) |
 | | Where most insurance is the contractual "coverage" where one party indemnifies or guarantees another party against a possible specific type of loss (such as an accident or death) at a future date, title insurance attempts to detect, prevent, and eliminate risks and losses caused by title problems which have their source in past events. |
| | Title companies attempt to achieve this by searching public records to develop and document the chain of title and to detect whether there are any adverse claims on the subject property. |
| | Title insurers concentrate their sales and marketing teams on high-volume, long term customers, like real estate agents and mortgage lenders, which allows the insurer to avoid the cost of marketing to the general public, who quite often, is wholly unfamiliar with every aspect of a real-estate transaction. |
| www.voyager.in /Title_insurance (967 words) |
