Course Description
In The Surveyor’s Judicial Role series of tutorials, we propose a broader role that the professional surveyor should arguably take in helping property owners avoid the expense and angst of unnecessarily litigating boundaries when there has been acquiescence to an accepted line by both owners. In this third tutorial, we explore title insurance: what it is, what it is not, what it provides, how it differs from other types of insurance and why anyone buying or owning property should have it.
Pre-Requisite knowledge
It is highly recommended that The Surveyor’s Judicial Role Tutorials I and II be viewed before taking this tutorial, although it is not completely necessary. Otherwise, the only pre-requisite for this tutorial is having an interest in better understanding the U.S. land tenure system, title insurance, and how it relates to boundary surveying.
Learning Objectives
Upon completion of this course, the participant should expect to be able to:
- Outline the role of title insurance in the U.S. land tenure system
- Identify the two types of protection afforded by title insurance
- Explain the relationship between the standard survey exception in a title commitment/policy and the ALTA/ACSM Land Title Survey
- Describe the types of claims that title companies incur
- Explain the process, advantages and disadvantages of title registration
