Title insurance protects your investment in real estate against claims and encumbrances that can cause significant financial loss. Prior to issuing insurance, title abstractors research the public records and experts carefully examine the results to avoid title claims and losses. Despite all the care and expertise that goes into the search, hidden title defects can be discovered after closing. Title insurance insures against losses for these hidden problems.
Unlike other types of insurance, which insure losses due to events in the future, title insurance covers events that happened in the past. Prior liens, mortgages, judgments, errors in public records, and unpaid taxes are among the risks that can be covered by title insurance.
Another important difference between title insurance and other types of insurance is that title insurance is bought with a one-time fee at closing. For that one-time premium, the insured is covered so long as he or his heirs own the property and in many instances even after he no longer has an interest in the property.
If you have questions about available policies and endorsements, or the title insurers that we represent, please contact us.
Unlike other types of insurance, which insure losses due to events in the future, title insurance covers events that happened in the past. Prior liens, mortgages, judgments, errors in public records, and unpaid taxes are among the risks that can be covered by title insurance.
Another important difference between title insurance and other types of insurance is that title insurance is bought with a one-time fee at closing. For that one-time premium, the insured is covered so long as he or his heirs own the property and in many instances even after he no longer has an interest in the property.
If you have questions about available policies and endorsements, or the title insurers that we represent, please contact us.