Title Insurance

Title insurance is important for safeguarding your homeownership rights. It provides peace of mind, ensuring that your property is free from prior legal claims or rights that could challenge your ownership.

Types of Title Insurance

• Lender’s Title Insurance: Lender’s title insurance is often required to get a mortgage loan. It protects your lender against problems with the title to your property – like if someone sues to say that they have a claim against the home. A lender’s title insurance DOES NOT protect your investment in your home it only protects your lender. To protect your investment in your home in the event of a title problem, you may want to purchase an owner’s title insurance policy.
• Owner’s Title Insurance: Specifically designed for homeowners, this policy protects against financial loss from claims against your property’s title and covers legal defense costs. It remains effective even after the sale of the property.

Coverage Benefits

Some of the more common hidden risks covered under an owner’s title policy include:

• False impersonation of the true owner
• Forged documents and clerical errors in public records
• Undisclosed or missing heirs
• Unresolved child support liens or back taxes
• Invalid divorces
• Fraud
• Errors in recorded legal documents
• Unrecorded easements

Consumer Tips
When purchasing owner’s title insurance, consider that there is often a “simultaneous issue credit” which may reduce the cost of the premium, especially when buying within 30 days of your closing alongside a loan policy.

Need Assistance?
For more information or support regarding title insurance, contact us. Our team is here to assist with your inquiries and concerns.