Title insurance policies haven't changed much in 50 years, but the market has.

WHAT IS TITLE INSURANCE?

Unlike most insurance which protects against future events, title insurance protects against things that have occurred in the past. Title insurance protects you in the event there is a claim or loss against your ownership interest to the property. The policy contains information regarding the condition of your ownership rights to a piece of property. It provides you with a peace of mind to take the risk out of acquiring property whose legal history is unknown to you. For a one time premium you can receive a policy to protect against title defects or claims against the property and it can even protect you after the property has been sold.

WHY DO I NEED TITLE INSURANCE IF THE TITLE HAS BEEN EXAMINED FOR DEFECTS?

Even the most thorough title search will not uncover certain possible defects. A few examples are: mistakes in the public records, forged deeds and other documents or undisclosed heirs. You don't want an event to occur that may deprive you of your right to use the property or sell it. "Twenty Reasons why you should buy title insurance"

WHY DO I NEED A LENDER'S AND AN OWNER'S TITLE POLICY?

Since Lenders an Owners have an interest in the clear title to the property, most Lenders will require a buyer to purchase a Lender's Title Insurance Policy. This policy protects the lender, only, against possible title defects up to the maximum amount of the loan. The Owner has no coverage under this policy. In order for the Owner to be protected they must purchase an Owner's Title Insurance Policy. Owner's title insurance will protect you against any covered loss up to the full policy amount. There are two types of Owner's Policies available to the buyer. Please review our comparison chart to help you decide which policy is best for you.