Why You Need Title Insurance
When you buy a home, you want to be certain it's
safely yours. But even the most diligent search of
the public records could fail to disclose a number of
Things such as:
A forged will or deed
A title transfer by someone under
A married person conveying real estate
without his or her spouse
These are just a few of the problems that can
suddenly surface. Without the protection of title
insurance, you'll be in jeopardy of losing your
HOW TITLE INSURANCE PROTECTS
Are homeowners helpless against these and other
pitfalls? Absolutely not. You can safeguard
your real estate investment against these and other
"horrors" with owner's title insurance.
First, a service known as a title search
describes, as well as possible, the condition and quality
of the title to the land you are buying. Then, your
title insurance protects you against mistakes or threats
that might otherwise result in financial loss to you -
including those hidden, unknown items.
Your title insurance protection is a permanent
assurance that your ownership and use will be defended
promptly against claims at no cost to you, whether the
claim is valid or not.
WHO TITLE INSURANCE PROTECTS
There are two basic types of title insurance
protection. One for the mortgage lender and one for
the homeowner or real estate investor.
If a mortgage is to be placed on your new home,
the mortgage lender will probably require that you
purchase title insurance to protect the institution's
position as a holder of a mortgage loan. But this
mortgagee's title insurance policy doesn't protect you,
the homeowner. You need an owner's title insurance
policy to protect your investment.
You pay only once. There are no renewal
premiums, and there is no expiration date on the
policy. Yet the protection lasts as long as you, or
your heirs, retain an interest in the
A SMALL COST FOR YEARS OF
The real estate you own represents stability,
permanence and the hope of the future. Don't take a
chance and let your property be taken from you because of
a flaw in the title. It makes good sense, for the
relatively small amount it costs, to protect yourself
with title insurance.