Special Warranty Deed Title Insurance
What is special warranty deed title insurance?
Special warranty deed title insurance is a type of insurance that protects the buyer of a property from any defects in the title that may arise during the time the seller owned the property. It provides a limited guarantee that the seller will defend the buyer against any claims made by third parties regarding the property's title. This type of insurance is commonly used in real estate transactions to provide an additional layer of protection for buyers.
What are the types of special warranty deed title insurance?
There are two main types of special warranty deed title insurance: residential and commercial. Residential special warranty deed title insurance is designed for properties used for residential purposes, such as single-family homes or condominiums. Commercial special warranty deed title insurance, on the other hand, is for properties used for commercial purposes, such as office buildings or retail spaces. Each type of insurance provides coverage specific to the intended use of the property.
How to complete special warranty deed title insurance
Completing special warranty deed title insurance involves several steps:
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