The Falmouth National Bank v. Ticor Title Insurance Company

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that “a mortgagee-insured’s loss cannot be determined unless the note is not repaid and the security for the mortgage proves inadequate”
• rejecting an argument because it “fails to recognize the important distinction between a title insurance policy issued to the owner of a property, and a policy such as the one in question here, issued to a mortgagee who merely has a security interest in the property”
• “[W]hat is insured is the loss resulting from a defect in the security.”

Source: CourtListener parenthetical corpus (CC0).