Title Insurance: What, Why, When and By Whom?
There are so many types of insurance products out there that it's sometimes hard to determine what they actually are, why it may be important to purchase them, when they are actually available and to whom they are made available. Let’s review some definitions and provide an illustration to help explain title insurance. Let’s start with the basics. What is legal title? In real property law and in very broad terms, legal title is the formal right of ownership to a property. So