1. Title insurance can be used for several purposes:
    1. For mortgage fraud
    2. For coverage for defects with title
    3. Gap Coverage
  2. Gap Coverage is a way that allows lawyers to close a deal quickly before they have registration at land titles
  3. For defects with title – it means there can be coverage to help pay to fix a problem with the property that an RPR would have shown.
  4. Common issues that title insurance can be used for are fences being built over the property line, encroachment issues, lack of development permits, setback issues, etc.
  5. Title issues is an alternative to a real property report in terms of closing a purchase and sale.  But clients should remember that it is insurance just like any other form of insurance and it does have exclusions too

Some lenders require a buyer to have title insurance regardless of whether they get an RP

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