First American Title Insurance v. Action Acquisitions, LLC

OPINION

BALES, Justice.

¶ 1 This case involves title insurance for a home purchased at a sheriffs sale. After the purchasers obtained the insurance policy, the superior court set aside the sale because the purchasers had paid a grossly inadequate price. The purchasers then made a claim for insurance coverage. We hold that the title insurer properly denied coverage based on the policy’s exclusion for loss resulting from risks created by the purchasers.

FACTS AND PROCEDURAL BACKGROUND

¶ 2 At a sheriffs sale in early 2005, the purchasers-Action Acquisitions, LLC and Free for Now, LLC-successfully…