Title insurance: Is It Wanted Here?

Topics:
Insurance
Tags:
Business Operations,
Real Estate,
Mortgages,
Law Society Of Alberta,
Insurance,
Financial Planning,
Finance,
Corporate Insurance,
Capital Structures,
Title Insurance
Source:
Law Society of Alberta

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Overview: This paper discusses about title insurance which was developed in the post-Civil War era in the United States of America, supplementing existing lawyer's and conveyance's 'error' insurance by providing insurance against any defect in titles to real estate, in the absence of reliable title registration systems. The state-run registers were mere recorders and were poorly organized. The existence of privately held mortgages, which were not always registered, the destruction of deeds during the Civil War, and the somewhat haphazard nature of opening lands for settlement were other factors in creating a market for this insurance.

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Format: PDF | Size: 143KB | Date: Nov 2002 | Pages: 8

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