Quote:
Originally Posted by JimJoe
I guess I would rather know I have good title and no liens, a legal opinion and their malpractice insurance backing it up, and the protection from lawsuits that a root of title law provides, than assume some title insurance company will still be in business 20 years from now when a problem arises, and they will comply with their insurance contract.
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I think you're missing my point, being that even the clearest of titles and the best of legal minds cannot forsee the forseeable or research for what was created prior to governmental records being kept... and no malpractice insurance is going to pay for any such incidences. Also, what makes you think that there will be a law firm still existing or any malpractice insurance you're refering to 20 years down the road any more than there will be that title insurance company? If betting on this, I'd certainly not put my money on the law firm existing and the title insurance company not - come 20 years down the road!
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