Title Defect

An outstanding claimNotice to an insurer that under the terms of a policy, a loss maybe covered. on a propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. that limitsThe maximum amount of benefit the insurance company will pay for a given situation or occurrence. Limits the ability to sell the property. Also referred to as a cloud on the titleAny condition which affects the clear title to real property..