If a bank offers Ashish an insurable title, what does this imply?

When a bank offers Ashish an insurable title, it suggests that the title may have known defects but is still insurable. This means that although there may be some issues associated with the title, the bank can provide insurance to cover potential losses arising from those defects. Insurable titles are common in real estate transactions; they ensure that the buyer has some protection against historic claims or defects in the title that could affect their ownership rights.

It's important to understand that insurable titles do not mean the title is free of defects; rather, it indicates that there is a willingness from an insurer to provide coverage despite the defects. In many cases, if there are issues with the title, they may be resolved or documented in a way that allows for the title to still be considered insurable.

The implication of an insurable title also suggests that the buyer may take the necessary steps to rectify any issues, but it does not guarantee the title is flawless or completely devoid of problems. This understanding helps buyers like Ashish make informed decisions regarding their real estate investments.