Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Adam Leitman Bailey, left, and Josh Filsoof Adam Leitman Bailey, left, and Josh Filsoof

Title insurance is the most misunderstood, and one of the most valuable, forms of insurance in America. Even the most prudent attorney in private practice or lay person cannot inspect and discover each and every title defect or claim that might affect a specific property. In order to protect against this inherent risk of property ownership or defects in ownership, title insurance is purchased.

“A title insurance policy is a contract by which the title insurer agrees to indemnify its insured for loss occasioned by a defect in title.” E.C.I. Fin. Corp. v. First Am. Tit. Ins. Co. of N.Y., 121 A.D.3d 833, 834 (2d Dept. 2014). This is fundamentally different from other forms of insurance, and the policy holder is not required to prove fault.

Want to continue reading?
Become a Free ALM Digital Reader.

Benefits of a Digital Membership:

  • Free access to 1 article* every 30 days
  • Access to the entire ALM network of websites
  • Unlimited access to the ALM suite of newsletters
  • Build custom alerts on any search topic of your choosing
  • Search by a wide range of topics

*May exclude premium content
Already have an account?

Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.