Why do I need title insurance?
By securing title insurance, buyers and lenders gain peace of mind, knowing their property rights are protected from hidden risks and unpredicted claims.
It's required by lenders.
Mortgage lenders typically require title insurance to protect their investment in the event of a title issue.
It covers undiscovered liens or encumbrances.
Safeguards against unpaid mortgages, property taxes, or contractor liens that could affect ownership rights.
It provides legal defense & financial protection.
If a title dispute arises, the insurance covers legal fees and potential financial losses, saving homeowners and lenders from costly litigation.
It protects against ownership disputes.
Ensures that the property has a clear and undisputed ownership history. Protects against claims from unknown heirs, fraud, or clerical errors in past transactions.
It's a one-time cost for a lifetime of coverage.
Unlike other insurance policies with ongoing premiums, title insurance is a one-time purchase that provides coverage for as long as the owner or the heirs hold the property.
It ensures the marketability of the property.
A clear title makes it easier to sell or refinance the property in the future without unexpected legal complications.
