The term Title Insurance is often used in European countries, Canada and the US. Meanwhile, for other countries, the term Title Insurance is also known as Indemnity Insurance.
Title insurance is often applied to property, with the aim of guaranteeing losses arising from illegal permits on property, for example a property has two property ownership certificates held by two people. If one of the property ownership certificate holders sells the property, the buyer will lose , if the other property holder claims, it belongs to him.
I don't know for sure whether the title insurance product for illegal property is still marketed by insurance companies, because maybe this product has been frozen or not marketed to the public, I need your explanation or opinion.
Title insurance is often applied to property, with the aim of guaranteeing losses arising from illegal permits on property, for example a property has two property ownership certificates held by two people. If one of the property ownership certificate holders sells the property, the buyer will lose , if the other property holder claims, it belongs to him.
I don't know for sure whether the title insurance product for illegal property is still marketed by insurance companies, because maybe this product has been frozen or not marketed to the public, I need your explanation or opinion.
