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Title insurer, homeowner dispute value of property in fulfilling title claim
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Court Report
Thursday, January 9, 2014
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A property owner filed a title claim after discovering an exclusive easement on a portion of his property by the adjacent landowners. The title company agreed to address the claim, but provided less compensation than the homeowner thought was the true diminution of value of the property. The property owner sued for breach of policy and the case went to trial. A jury determined that the insurer did not breach the policy, but that the diminution of value was significantly more than the compensation offered by the insurer. Read on to find out what the Court of Appeals of Wisconsin determined when the case went before it on the property owner’s appeal.
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