A Transaction-Cost View of Title Insurance and Its Role in Different Legal Systems

Topics:
Insurance
Tags:
Business Operations,
Real Estate,
Title Insurance,
Universitat Pompeu Fabra
Source:
Universitat Pompeu Fabra

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Overview: This article outlines a transaction cost theory of 'title insurance' and analyses the role it plays in countries with recording and registration of land titles. Title insurance indemnifies real estate right holders for losses caused by pre-existing title defects that are unknown when the policy is issued. It emerged to complement the 'errors and omissions' insurance of professionals examining title quality.

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Format: PDF | Size: 389KB | Date: Oct 2002 | Pages: 33

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