One of the most treasured freedoms in America is owning real estate. Purchasing real estate is often one of the biggest purchases most people will ever make. Title Insurance insures your ownership interest in the property you are purchasing and, therefore, the money you are investing in the property. Other than your mortgage holder, no one else should have any interest in your home.
Title insurance is issued after a careful examination of the public records. Despite the knowledge and experience of professional title examiners, even the most thorough search cannot absolutely assure that no title faults exist. In addition to matters shown by public records, other title problems may exist which would not be disclosed in the land records. Title insurance eliminates these risks and mitigates the losses caused by defects in the title of the property.
Title insurance is different from other types of insurance in that it protects you, the insured, from a defect that may have occurred in the past. Other types of insurance such as auto, life, or health cover you against losses that may occur in the future. Title insurance also differs from other insurances because you pay a one-time premium for a policy that remains effective until the property is sold to a new owner – even if that doesn’t occur for decades.
If you are buying a home, title insurance is essential for protecting what may be the biggest investment of your lifetime. Purchasing a title insurance policy is one of the smartest moves you can make as a property owner. Title insurance gives you the peace of mind that comes with knowing your investment is protected.
If you have any questions about title insurance, or are interested in obtaining a policy for your property, contact one of our licensed title insurance agents today – we would be happy to give you a quote or answer any questions you may have!
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