TITLE INSURANCE
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| Richard Yorek |
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| VLR Abstract, LLC |
3288 Merrick Rd
Wantagh, NY 11793 |
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| phone: (516) 336-8656 |
| email: ryorek@vlrabstract.com |
| website: |
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| Title insurance is a form of indemnity insurance predominantly found in the United States which insures against financial loss from defects in title to real property and from the invalidity or unenforceable ability of mortgage liens. Title insurance is principally a product developed and sold in the United States as a result of an alleged comparative deficiency of the U.S. land records laws. It is meant to protect an owner’s or a lender’s financial interest in real property against loss due to title defects, liens or other matters. It will defend against a lawsuit attacking the title as it is insured, or reimburse the insured for the actual monetary loss incurred, up to the dollar amount of insurance provided by the policy. |
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