A $200,000 Cap on a $1.5 Million Policy
Just because a lender pays for $1.5 million worth of title insurance does not mean that a title insurer necessarily owes $1.5 million to the lender in the case of a complete failure of title, as illustrated by a recent case where a title insurer only had to pay $200,000 on a complete loss on a $1.5 million lender’s policy.
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