What is Title Insurance? and Why Should I Have Title Insurance?

Title Insurance is the only guaranteed protection against real estate title losses...it insures your ownership of your home. Your lender will require lenders title insurance, which protects the lender's interest which is usually the mortgage.

The Owners' Title Insurance Policy protects you, the buyer. It discloses any interests in the property, such as liens, encumbrances, restrictions, easements, unpaid taxes and municipal assessments.

Most people have fire, car and life insurance for which you pay premiums every year. Title Insurance is purchased one time at the time of settlement. You pay premiums only once for coverage that will protect your investment for as long as you own your home.

Title Insurance protects you from certain risks such as:

• Forgery and Fraud
• Missed Real Estate Taxes
• Undisclosed or Missing Heirs
• Incorrect Legal Descriptions
• Mental Incompetence of Sellers
• Missed Easements

Owners' Title Insurance is designed to prevent the above losses from ever happening and give you a source of protection if something unforseen does occur.