What is a non-insured report in property title searching?


Quick Answer

According to Online Trading Academy, a non-insured report is a preliminary report on the ownership and financial status of a property. Unlike a full coverage report, the information it contains cannot be guaranteed.

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Full Answer

A non-insured report helps to determine legal ownership of the property, outstanding loans related to the property and restrictions placed on the property, such as a legal promise to add or remove certain features.

A full coverage report covers similar aspects of a property's title but its contents are guaranteed or insured, and can therefore be used as legal documentation. Investors should always request a full-coverage report to avoid potential problems with property investments.

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