Title Insurance in India, Safeguard your Investment with Title Insurance
Oct 17, 2024

The Importance of Title Insurance When Buying a Home in India

by Godrej Properties Limited

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Frequently Asked Questions

1. Can I transfer title insurance to a new owner if I sell the property?

Ans: Title insurance is usually non-transferable, meaning it cannot be transferred to a new owner if you sell the property.

2. How long does title insurance coverage last?

Ans: Title insurance coverage typically lasts for the duration of the homebuyer's ownership of the property.

3. Does title insurance cover both new and resale properties in India?

Ans: Yes, title insurance covers both new and resale properties.

4. How much does title insurance typically cost in India?

Ans: It typically costs 0.5% to 1% of the property's purchase price.

5. How does title insurance differ from other property insurances?

Ans: Title insurance protects against legal disputes over ownership, while other property insurances cover physical damage or loss.

6. What should I do if I face a title dispute after purchasing property without title insurance?

Ans: It is recommended that one should consult a property lawyer and gather all related documentation to explore legal options.

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