Why Get Title Insurance?

Title defects can be serious, costly, and time-consuming to resolve.

In order to ensure that all potential defects in the transfer of property are found before a transfer is complete, the title company performs a thorough search of public records in order to locate potential problems so they can be addressed prior to the transfer of property.

Most problems or potential title defects are found during that search, but there is always the possibility of hidden hazards that might not show up until the property has been transferred.

Hidden hazards could be:

• Misrepresentation of the true property owner

• Claims made by previously unknown relatives or former owners

• Forged signatures in the chain of title

• Issue with Wills or rightful property heirs

• Mistakes in the records that are not found in the initial Title Search

And that’s where title insurance comes in. It is different from other insurance because it emphasizes risk prevention to avoid hidden claims or defects.

Title Insurance is Different

Unlike other insurance, there are no monthly premiums because it is only paid once – upfront at the time of closing. Once a title policy has been issued, if the insured suffers a loss as a result of past events, the title insurance provider is obligated to reimburse the insured for that loss and any related legal expenses, up to the face amount of the policy.

Our local Title Insurance pros are happy to answer any other questions you have about Title Insurance. Reach out to the office closest to you for title insurance help today!