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Title insurance will pay for defending against any lawsuit
attacking the title as insured, and will either clear up title problems or
pay the insured's losses. For a one-time premium, an owner's title
insurance policy remains in effect as long as the insured, or the
insured's heirs, retain an interest in the property, or have any
obligations under a warranty in any conveyance of it. Owner's title
insurance, issued simultaneously with a loan policy, is the best title
insurance value a property owner can get. <<
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