It agrees to assume the responsibility for legal defense of your title for any defect covered under the policy's terms and to reimburse you for actual financial losses up to the policy limits. (bhhscalifornia.com)
While establishing a breach in the face of egregious fraud might not be a great hurdle, proving actual financial loss may be a bigger obstacle to a successful claim of this type. (lawyer-monthly.com)
Another limitation on s 13 is the need to show damage, which means actual financial loss. (newlawjournal.co.uk)