In order to truly understand the benefits and limitations of title insurance we’re breaking it down for you in a four-part series. Last week we discussed What is a “title examination” and why is it important? The final topic to cover is Title Insurance Basics. Part 4: Title insurance Basics Title insurance is substantially different than other types of insurance coverage, which can often lead to a misunderstanding of the product. Title insurance emphasizes risk prevention rather than risk assumption. This emphasis on risk prevention is labor intensive and expensive, but the coverage offers the best possible opportunity for avoiding claims… read more →
In order to truly understand the benefits and limitations of title insurance we’re breaking it down for you in a four-part series. Last week was Part 2: What is the “public records doctrine” and why does it matter? Today in Part 3, we’ll be discussing what is “title examination” and why is it important? On occasion, an attorney may perform the search of the public records and examine the records himself and then issue the title opinion to the client. More often than not, the attorney does not search the public records, but employs a professional abstractor who prepares an abstract… read more →
In order to truly understand the benefits and limitations of title insurance we’re breaking it down for you in a four-part series. Last week in part 1 we discussed What is title? Today’s blog will cover what is the “public records” doctrine, and why does it matter? As briefly touched on in Part 1, not only must ownership transfers of immovables be recorded in the public records, in order to be effective against third persons. But, ALL interests in immovable property must be recorded in the appropriate recording office to have effect against third persons, that is, a person who is… read more →
In order to truly understand the benefits and limitations of title insurance we’re breaking it down for you. This article is the first part of a four-part series. We will cover the following topics with you over the next four weeks: Part 1: What is title? Part 2: What is the “public records doctrine” and why does it matter? Part 3: What is a “title examination” and why is it important? Part 4: Title insurance basics Part 1: What is “title”? The types of real rights, that is, interests in immovable property, that Louisiana law recognizes are ownership, personal servitudes, predial servitudes and such other… read more →
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