Why Do You Need Title Insurance?

Buying a home is one of the largest, if not the largest, investment many people will make in their lifetime. We believe that a person should want the basic affirmation of ownership protected, and the best way to protect that investment is through Title Insurance.

Title Insurance is a means to protect yourself from financial loss in the event that any “defects” arise. Title Insurance also protects you from the cost of defending the “Title” to your real property against any covered claim.

The two common types of Title Insurance Policies are:

• A Lender’s Policy of Insurance - only insures that your Mortgage Lender has a valid, enforceable lien on the property.

• An Owner’s Policy - Protects you, the Owner, from “defects” that existed prior to the effective date of your Policy. In the case of a valid claim, in addition to actual financial loss up to the face amount of your Policy, your Owner’s Title Policy covers the cost of any legal defense of your Title.