What is Title Insurance?
Title insurance protects real estate owners and lenders against any property loss or damage they might experience because of liens, encumbrances, or defects in the title to the property. Simply stated, the title to a piece of property is the evidence that the owner is in lawful possession of that property.
What does it cover?
Title insurance protects against claims from defects. Defects are things such as another person claiming an ownership interest, improperly recorded documents, fraud, forgery, liens, encroachments, easements, and other items that are specified in the actual policy.
Why You Need Title Insurance?
Owning real estate is one of the most precious values of freedom in this country. Title insurance protects your property against hidden title hazards that may threaten your financial investment in your home, thus providing you with peace of mind.