A policy which obligates the grantor for reimbursing to the grantee for loss,if the title proves to be defective is called the policy of abstract title.

Name: A policy which obligates the grantor for reimbursing to the grantee for loss,if the title proves to be defective is called the policy of abstract title.
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The policy of title insurance obligates the insurer to reimburse the insured grantee for loss if the title proves to be defective.

A Policy Which Obligates the Grantor for Reimbursing to the Grantee