Title Insurance

Title Insurance

Title Insurance means:
an insurance policy that protects the holder from loss sustained through defects in the title to real estate. Mortgage lenders virtually always require a borrower to buy a mortgagee's policy of title insurance. The amount paid for title insurance should be capitalized into the cost of the property and then allocated between land and improvements for depreciation purposes.

See Depreciation in the United States Encyclopedia of Law and Depreciation in the World Encyclopedia of Law.


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