An ongoing dispute related to title insurance and losses resulting from a severance of the mineral estate has been resolved. However, the result may not be the best option available to an entity obtaining title insurance, so lawyers need to be aware of options for their clients.
With the recent surge of mineral development in Texas, the resulting potential for liability became of increased concern to title companies. In the past, if a title policy did not identify a specific severance of the mineral estate from the insured property as an exception to the policy’s insurance coverage, the title company would have to insure the mineral estate’s value, not to exceed the amount of the title policy, and damages resulting from its development.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
