Most real estate closings culminate in the issuance of title insurance. A title insurance policy confirms that the parties created whatever insured interests in real estate that they thought they created. The policy also tells the policyholder that no one has any claims to the insured real estate except as listed in the policy.
Like any other insurance policy, a title insurance policy has a long list of exclusions, qualifications, and restrictions – sometimes longer than the language that provides insurance. Those exclusions and their numbering have become quite standard across the country.
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