The video below, explains what Title Insurance is and why it is useful.
Title insurance protects you and your lender from potential issues with property ownership. Here’s a quick overview:
Title Search: When you buy title insurance, a title company reviews public records for any problems related to the property, such as liens or errors.
Insurance Policy: Based on this search, the company issues a title insurance policy. This policy covers problems that might not have been discovered during the search, such as forgeries or undisclosed heirs.
Types of Policies:
Loan Policy: Required by lenders, it protects their interest in the property until your loan is repaid or refinanced. Owner's Policy: Protects your ownership rights for as long as you own the home, providing long-term peace of mind. In essence, title insurance helps safeguard your largest investment against future claims and issues.
