Assured's Spotlight on Title:
Transfers After Acquisition: What Does it Mean for Your Title Insurance Policy?
By: Alex Pankonin, General Counsel to Assured Title.
The topic of transferring property after acquisition and the effect of the transfer on title insurance coverage comes up fairly frequently. The typical scenario is one where a person buys a piece of property and receives an owner’s title insurance policy to protect his or her interests. After the acquisition, the owner wants to transfer the property for any number of reasons, whether it is for estate planning, investment, or family purposes. We often get the question, "what happens to the title policy?"
To help clarify how transfers after an acquisition of a property may affect your title insurance policy we have broken up this article into hypothetical situations and the answer to those situations.
We spell it all out for you here.
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