|What is Title Insurance?Title insurance differs from other categories or insurance. Auto, fire, and homeowners insurance make you pay annual premiums because unlike, unlike Title insurance, they expect you to make claims periodically throughout the life of the policy. Title insurance, however, is Risk Elimination Insurance, and requires that you pay a one time premium ONLY.||When You CloseJudgements, leins, and title defects are eliminated at the closing. This process will ensure a clear title to your property. Once completed, the appropriate documents will be recorded with the county as public record of your ownership of the title.|
Title insurance is designed to protect you from being subjected to any unforseen surprises. The first step to guaranteeing your protection is a title search.
By investigation all county records on your property, a title search can verify the seller's right to transfer ownership, locate any claims, assessments, errors, or miscellaneous defects on the property and vitually eliminate the risk factor for the buyer.
|Title PolicyAfter the recording, the Title company will issue you a title policay. Your policy will guard you against certain risks such as:Errors: Incorrect information on deeds, public records, etc.Liens: Unpaid mortgages, taxes, sewer, and water assessments.Ownership: Outstanding spousal interests, or insterest of missing heirs in an estate.Invalid Deeds: Transfer by former seller who did not actually own the property, or who were not qualified to convey the property.|
|Your ProtectionTitle insurance is your safeguard. It can save you time, trouble, and money. It acts as a shield to guard you against potential claims brought against your property. If your ownership becomes threatened by any claim covered in your policy we will negotiate to settle the claim and if necessary defend your title in court.Additionally, we will be responsible for most legal costsincurred while defending your title. If your property title is threatened, you can rest easy knowing you are safe when you are insured with a Title company.|