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How title insurance helps avoid legal disputes over land rights
Mint Kolkata
|April 10, 2025
I am buying a parcel of land in Uttar Pradesh and have engaged a local resident to assist with the title clearance of the land. He suggested I procure a title insurance cover. Can you please explain what is title insurance and why is it important?
The suggestion by the person you've engaged is sensible. Title insurance is a form of indemnity insurance that protects against financial loss from defects in a property's title. These defects can arise from various eventualities, including, but not limited to, incorrect legal descriptions, public record errors, fraud or claims from previous owners.
Dit verhaal komt uit de April 10, 2025-editie van Mint Kolkata.
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