Land Value Insurance

UNTIL recent years, one could insure almost anything against loss except that most important of all things, the land upon which we live. It was not because there was no need for such protection, but because the well-known principles of insurance had not been applied to this basis of all wealth. When one purchases or mortgages a house and lot, the owner of the property or of the mortgage never fails to secure protection against loss caused by fire. For many years past, buyers of real estate have protected themselves against loss and expense of attacks on title by buying a Title Insurance Policy. Property owners have themselves against losses by hurricanes, earthquakes, rain, snow, frosts, and burglars. It was not possible, however, until within the last decade for one to purchase a protective policy indemnifying a land owner against loss by depreciation in over a period of years. The of such protection to the land owner has been proved in many ways within this comparatively short period. In two sections of the country, the West Coast and the Middle and Southeastern states, the principle of land insurance has been sufficiently applied so that the land-buying public now has the opportunity of requesting the seller, before purchasing, to furnish him with a land insurance policy with the deed. Land which is sold value insured may be said to have the stamp of safety impressed upon it. With and title insured, an investor can consider himself fully protected against loss

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