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Insured seeks full coverage limits for title defects
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Court Report
Monday, September 19, 2022
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An insured filed suit against its title insurer, alleging the insurer breached title insurance policies when it refused to pay the full coverage limits on the policies for two tax-adjudicated properties it purchased at auction. It had the properties appraised to receive coverage for the full appraised value as opposed to the purchase price and later discovered title issues.
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