insurance is a uniquely American form of protection.
of early American land sales - exemplified by the wild and
woolly days of land rushes and frontier settlements - resulted
in the first title insurance policy being sold in the 19th
land swaps, in turn, were based on the British colonial deed
conveyance system in which land was sold and transferred along
with a packet of deeds to the new owner. Despite careful review
by a lawyer, titles could be easily be disputed, resulting
in a surprise claim by the rightful owner.
history of American title claims, combined with title insurance regulations
that continue to vary state by state (and sometimes within
states) means that it is almost impossible to obtain a mortgage in the U.S. today without first buying a title insurance policy.
Web, find out more about title insurance, what it protects,
how much it costs and additional tips, advice, facts and information
on the insurance policy that American homeowners can't do
More facts & information about title insurance around the Web:
Insurance - Basic overview with examples of how title
claims may arise, who is responsible for title claim disputes,
and title insurance benefits to both lender and buyer.
Title Insurance in the United States - Good overview from Wikipedia with facts and information on the various forms of title insurance and title insurance companies, comparison with other types of insurance, with historical background, related resources.
Insurance FAQ - Questions answered on title insurance
requirement, how it protects the borrower, purchasing a new
policy upon refinancing and related topics.
Title Insurance - Wikipedia - The complete overview including its history and modern owners' policies, with more on typical costs and service fees, related references and resources.