Why You Need Title Insurance!

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Title insurance is one of the very best investments you will ever make for your residential or commercial purchase. When a title defect occurs, it can involve the loss of money to defend against an adverse claim or to hire a lawyer to fix the problem. Potentially, it can lead to the loss of the property. Title insurance provides a way of covering those risks, and it doesn't just protect you directly, but lives on to protect your investment and loved ones in the future.

COMMON TITLE PROBLEMS

  • Money judgments

  • Bankruptcy

  • Open mortgages in the Chain of Title

  • Minors mortgage

  • Interdiction

  • Deceased on title

  • Absentees on title

  • Tax sales

  • IRS and State Tax Liens

WHAT IS TITLE INSURANCE?

  • A title insurance policy is an insured statement of the condition of title, or ownership, of real property.

  • Title insurance is unlike any of the traditional forms of insurance: it is concerned with risk elimination.

  • Title insurance does not insure against the possible happening of a known and designated future event such as a fire, accident or death.

  • Title insurance is a contract of indemnity and the issuer must provide reimbursement to its beneficiary in the event of the occurrence of certain conditions specified in the policy.

  • Title insurance protects you from anyone who shows up out of the blue demanding money or even the right to use your property.

The best part of title insurance is that it is usually purchased at closing as a one-time cost. That cost is regulated by the state — meaning service is paramount when choosing a title company. With our history and experience, we are one of the best service-providers in the state, and we strive to give our clients the most up-to-date information regarding their individual transaction. We’re here to offer guidance or even a listening ear should any issues arise in the closing process.

REMEMBER, TITLE INSURANCE

  • is available for residential and commercial transactions

  • protects you from loss of property and money

  • can be included as a one-time cost during closing