| A | B |
|---|
| Right of way is | a right to cross over a parcel of land |
| Right of way can be | private or public |
| Creation of a public right of way is | largely determined by statute |
| Title insurance differs | from other forms of insurance |
| Most forms of insurance assume | risks that arise out of future events such as an accident or damage from a hurricane |
| Title insurance is designed to | eliminate risk and prevent loss due to defects in title which arose in the past |
| A title insurance policy is contract of indemnity against | loss or damage arising out of defects in or the interest insured under the policy |
| A title policy indemnifies the insured | from existing, although unknown, risks that may cause a claim or a loss in the future |
| Every title insurance policy contains a duty to defend which is | broader than the duty to indemnify |
| The obligation of an insurer under a duty to defend may result in payments by an insurer | which exceed the face amount of a title insurance policy |
| Legal descriptions - The system used to parcel out or divide the vast areas of land in the US and provide a method for identifying and describing real estate is known as the | Rectangular survey system |
