CIS ABSTRACT, INC.
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  • Home
  • About Us
  • Title Insurance
    • Title Insurance FAQs
    • The Process
  • Services
    • Download Forms
    • Express Settlement
  • Order
  • Contact
  • Our Blog

ABOUT TITLE INSURANCE

NOT LIKE REGULAR INSURANCE

Title insurance differs significantly from other forms of insurance. While the functions of most other forms of insurance is risk assumption through the pooling of risks for losses arising out of unforeseen future events (such as death or accidents), the primary purpose of title insurance is to eliminate risks and prevent losses caused by defects in title arising out of events that have happened in the past. To achieve this goal, title insurers perform an extensive search of the public records to determine whether there are any adverse claims to the subject of real estate. Those claims are either eliminated prior to the issuance of a title policy or their existence is excepted from coverage.

TITLE INSURANCE PROTECTS YOU

Title insurance protects your title to a property from legal challenges that might arise from an illegal or erroneous transfer of title before you bought the property. Title insurance covers your legal fees and, up to the limit of coverage, the cost of any related judgments against your property. 

COMMON TITLE DEFECTS

Here are some of the most common hidden risks that can cause a loss of title or create an encumbrance on title:
  • Instruments executed under invalid or expired power of attorney
  • Undisclosed or missing heirs
  • Mistakes in recording legal documents
  • Misinterpretations of wills
  • Deeds by persons of unsound mind, by minors or by persons supposedly single, but in fact married
  • Fraud
  • Liens for unpaid estate, inheritance, income or gift taxes
  • False impersonation of the true owner of the property
  • Forged deed, releases or wills
Title insurance protects you from claims arising from any one of these events if the event took place before you bought the property.

NEW YORK TITLE 
INSURANCE FAQS

We're sure you have lots of questions 
you need answered. See our FAQs 
for answers to most common questions.
CHECK OUT OUR FAQS

THE NY TITLE 
INSURANCE PROCESS

There are several steps in the process for getting title insurance. At CIS Abstract, Inc we can help you navigate them all.
ABOUT THE PROCESS

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dennis@titleny.com
1-888-TITLENY 
1-631-754-8486
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