title insurance

noun

Definition of title insurance

: insurance against loss due to an unknown defect in a title or interest in real estate

Examples of title insurance in a Sentence

Recent Examples on the Web The customer provides the lender all the information for income and asset verification and also marshals the services the lender requires, from securing an appraisal to getting a mortgage as well as flood and title insurance. Shawn Tully, Fortune, "First he took energy trading and the NYSE electronic. Now Jeff Sprecher of ICE shares his plans to digitize your mortgage," 2 Sep. 2020 Buyers should do proper due diligence, get title insurance and do a survey if there isn’t a current one. Roxana Popescu, New York Times, "A Modern Three-Bedroom House on St. John," 4 Mar. 2020 Then looks at costs, as a refinancing means paying significant closing costs—including title insurance, transfer taxes and an appraisal—which can often amount to a few thousand dollars. Julia Carpenter, WSJ, "Is It Time to Refinance Your Mortgage?," 3 Mar. 2020 In terms of specific costs, title insurance can be one of the largest costs when refinancing. Washington Post, "What to know before refinancing your home loan," 17 Sep. 2019 These include title search, title insurance and related escrow fees. John Nugent, Houston Chronicle, "Realtor View: Not so fast when it comes to home closing," 1 Feb. 2020 Sometime before closing, the title company provides the parties with a title commitment that spells out the title insurance terms and any exceptions. Dallas News, "Real Estate 101," 6 Jan. 2020 Each situation is unique but closing costs generally include attorney fees, appraisal fees, title insurance, and inspection fees. Anni Irish, Marie Claire, "All the Hidden Costs of Buying a Home," 15 Jan. 2020 Most closings take place through a title company, which acts as an escrow agent and provides title insurance to the buyer and the buyer’s lender. Dallas News, "Real Estate 101," 6 Jan. 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'title insurance.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of title insurance

1882, in the meaning defined above

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Time Traveler for title insurance

Time Traveler

The first known use of title insurance was in 1882

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Statistics for title insurance

Last Updated

9 Sep 2020

Cite this Entry

“Title insurance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/title%20insurance. Accessed 19 Sep. 2020.

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More Definitions for title insurance

title insurance

noun

Legal Definition of title insurance

: insurance that compensates for loss from title defects or encumbrances (as liens) that were unknown but should have been discovered at the time the policy was issued

More from Merriam-Webster on title insurance

Britannica.com: Encyclopedia article about title insurance

Comments on title insurance

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