What is the title insurance? | ScriptaLegal
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Frequently asked questions > Real estate > Pre-purchase steps > What is the title insurance?

What is the title insurance?

The main characteristics of the title insurance are:

  • A damage insurance resulting from an insurance contract concluded between an insured and a title insurer;
  • The premium is a single payment;
  • The insured is generally protected "against the future losses resulting from irregularities or events that occurred before the date of issuance of the insurance policy";
  • The title insurer pays the legal fees related to the defense of the insured;
  • The amount of the coverage is limited to the nominal value of the policy and can rise, the whole subject to the conditions set out in the policy;
  • The policy is issued after an expert has verified the titles and the politics of the insurer.
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