To see how our industry is continuing to protect and serve our clients and communities through the COVID-19 pandemic and beyond, watch this video

Title Industry Responds to COVID-19: Our Title Is Protection

Title insurance professionals take pride in protecting their customers by ensuring that their home is theirs when they make one of the biggest financial decisions of their lives. In the midst of the COVID-19 pandemic, the title insurance industry has stepped up even more to help their communities. Whether it’s volunteerism, or innovation to get deals closed during this time of social distancing, the title industry is here to provide protection today, tomorrow, and forever.

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Glossary

A Word About Title Language

The title industry has its own language. Many of its words and idioms are derived from the language of the law while others are common words given special meaning related to land titles. There are also words and phrases coined over the years by the title industry itself.

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IMPROVEMENT LIENS

Liens imposed by municipalities on real estate which has been directly benefited by municipal improvements such as the construction of streets, sidewalks and sewer lines. Such liens secure payment of the proportionate costs of such improvements.

IN GROSS

A type of offbeat easement which is not attached to a dominant estate and is in the nature of a personal right rather than an interest in real estate. It is not assignable or inheritable.

INCHOATE

Immature; not fully developed; an early stage; incomplete; only partially existing. An inchoate right of dower held by a wife matures and becomes exercisable only upon the death of her husband.

INCORPOREAL

Having no material substance or form, but existing in the eyes of the law.

INDEMNITY

Insurance against possible loss or damage. A title insurance policy is a contract of indemnity.

INDENTURE

A deed or other real estate contract executed between two or more parties.

INDEX

(1) An alphabetical listing in the public records of the names of parties to recorded real estate instruments together with the book and page number of the record. (2) The listing in abstract and title plants of recorded real estate instruments in groups according to land descriptions, known as a geographic index. (3) The alphabetical listing in abstract and title plants, by names of the parties, of all recorded instruments which affect but do not describe particular real estate, such as judgments, powers of attorney, wills and probate proceedings. Such indexes are known by various names such as General Index, Judgment Index, and Name Index.

INGRESS

The right or permission to enter; also the means or place of entry such as a right of way across adjoining land.

INSTALLMENT CONTRACT

A real estate purchase agreement providing for the payment of the purchase price in several successive payments such as monthly payments.

INSTRUMENT

Any written document by which something is done regarding rights or interests in real estate.

INSURER

One that insures, sometimes called an underwriter, such as a title insurance company.

INTERESTS

Estates, rights, or legal claims in and to real estate.

INTESTATE

Dying without leaving a legal will.