Title Insurance
What Is Title Insurance
Title insurance safeguards your home by protecting you from losses or
damages caused by competing ownership claims or defects in the property’s title.
When you sell a house, you’re transferring the title, and title insurance
ensures you’re covered against risks or disputes related to the title’s validity.
damages caused by competing ownership claims or defects in the property’s title.
When you sell a house, you’re transferring the title, and title insurance
ensures you’re covered against risks or disputes related to the title’s validity.
Why Do I Need Title Insurance
The history of a property’s ownership can impact its title and your rights as the owner. Title insurance shields you from unexpected issues that could lead to financial loss or damage. Policies are available for both property owners and lenders:
• Owner’s Policy: This policy safeguards the homebuyer, offering the best protection for your property rights, as well as those of your trustees, heirs, and beneficiaries.
• Lender’s Policy: Required by the buyer’s lender, this policy protects only the lender’s interests and remains in effect until the mortgage is fully repaid.
• Owner’s Policy: This policy safeguards the homebuyer, offering the best protection for your property rights, as well as those of your trustees, heirs, and beneficiaries.
• Lender’s Policy: Required by the buyer’s lender, this policy protects only the lender’s interests and remains in effect until the mortgage is fully repaid.