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6 Cards in this Set

  • Front
  • Back

endorsement

Amendment to a title insurance policy that generally modifies existing coverage or adds special coverage to the policy



Example: amendment to title policy (changes in zoning)

mortgage or loan policy

Policy of title insurance that insures the interest of a mortgage or lender to the title of real property



who gets them and why?



mortagee

owner's policy

Policy of title insurance that insurers an owner's title to real property

title insurance

Contract to indemnify the insured against loss through defects in the title to real property

title insurance commitment

Commitment or contact by a title insurance company to issue a title insurance policy

exceptions

servitudes, liens, easements