I've never heard of a title insurance claim not being paid, but I admit I've not researched it.vnatale wrote: ↑Sun Aug 30, 2020 8:26 pmWhat percent reliable is title insurance? Are there any known cases of someone having title insurance who ended up NOT being protected? Can it be one of those cases if the title insurance company did not do their job properly then the limits to their liability is the premium you paid to them?Mark Leavy wrote: ↑Sun Aug 30, 2020 8:22 pmI was wondering how you were going to answer that. That was really good. You have to think about it for a bit. But it works. First time I've heard that argument.Libertarian666 wrote: ↑Sun Aug 30, 2020 7:40 pmThe title insurance company to whom you paid your premium.
Vinny
I do know that every mortgage lender requires you to have it just in case there's a problem with your title.
Of course their role would be much greater under anarcho-capitalism, but there's no obvious reason they couldn't do it.
After all, property and casualty insurance companies insure against all kinds of risks; this isn't any harder to insure against than a hurricane, for example.