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Title insurer, insured dispute coverage regarding golf course covenant
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Court Report
Wednesday, July 1, 2015
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After being sued by the seller of a residential community and golf course, the insured parties sued their title insurance company, alleging that the title company had to indemnify them against actual monetary damages they sustained because a previously undisclosed declaration regarding how many residential units could surround the golf course created a defect on the title. The title company argued that the buyers should have known about the declaration because one of the buyers had placed the declaration on the property when he owned in previously.
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