SURVEY vs. TITLE INSURANCE
Title insurance is a form of insurance that was first
sold in the United States in to protect property owners and mortgagees
against loss through adverse claims or hidden interests in their properties.
Title insurance, however, does not provide any information about a property
to an owner or lender. Any problems that may have been revealed by a
survey are instead passed on to the purchaser or lender, to be resolved
by them at some later date. Title insurance should be viewed as complimentary
to the traditional process of investigation of quality and extent of
title rather than as an alternative.
PREVIOUS
PAGE
