What is Title Insurance?
If you don’t really get what Title Insurance is, you came to the right place.
Different from other types of insurance that protect you against losses that may happen in the future, title insurance protects YOU, the insured, from matters or faults that occurred in the past that may affect your property.
Close scrutiny by the title insurer of property-related-recorded documents aids in the elimination of many possible hidden risks that can undermine the validity of homeownership.
While the possibility of unidentified risks still exist after a transfer of title, the purchase of a title insurance policy protects the lender and buyer from invalid claims made against the title of a property.
So, yes – title insurance is important!
Silver, Gold, Platinum Owner’s Policy Options