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Litigation Guarantee. A Litigation Guarantee is designed for issuance to an attorney representing the plaintiff in an action affecting land. Typical litigation includes actions to quiet title, foreclosure of liens, condemnation and declaratory relief.back. Litigation Guarantee is designed for issuance to an attorney representing the plaintiff in an action affecting land. Typical litigation includes actions to quiet title, foreclosure of liens, condemnation and declaratory relief. back.
DEFINITION of 'Title Insurance'. Insurance that covers the loss of an interest in a property due to legal defects and that is required if the property is under mortgage.Most title insurance is lender's title insurance, which is paid for by the borrower but protects only the lender.Owner's title insurance is a separate policy; in some areas it is paid for by the seller to protect the buyer's equity in the property.EFINITION of 'Title Insurance'. Insurance that covers the loss of an interest in a property due to legal defects and that is required if the property is under mortgage.