1.
A fire destroys only the house and improvements. The
ground is left. A defective title may take away not only the house but the land
on which it stands. Title insurance protects the buyer against such loss.
2. A deed or a mortgage
in the chain of title may be a forgery.
3.
A deed or a mortgage may have been signed by a person
under age.
4.
A deed or a mortgage may have been made by an insane
person or one
5.
A deed or a mortgage may have been made under a power
of attorney after the death of the principal and would, therefore, be void.
6.
A deed or a mortgage may have been made by a person
other than the owner, but with the same name as the owner.
7.
The testator of a will might have had a child born
after the execution of the will, a fact that would entitle the child to claim
his or her share of the property.
8.
The testator may not have revoked a will after its
execution.
9.
A conveyance by heirs-at-law of a person supposed to
have died without a valid will may
be defeated by subsequent discovery and probate of a will.
10.
An heir or other person presumed dead may appear and
recover the property or an investment therein.
11.
A Judgment or levy upon which the title is dependent
may be void or voidable on account of some defect in the proceeding.
12.
Title insurance helps speed negotiations when the property is ready for
resale.
13.
If
an insured title is ever defeated, the amount of the loss is reimbursed by
14.
Title
insurance means free defense in court.
15. Only title insurance protects against claims due to
marital status and validity of divorces such as a supposedly non-existent or
divorced "wife" or "husband".