Title Insurance

Fire insurance protects you against losses from fire. Collision insurance guards you against the cost of a damaged car. Theft insurance - well, you get the idea. When you acquire title, title insurance protects you from defects, liens, or encumbrances on your title, under the terms of the policy. To understand why title insurance protection is essential, we need to consider real estate for a moment. Your ownership of Real Estate.

Real estate has always been considered one's most valuable possession. It is so basic a form of a wealth that many special laws have been enacted to protect ownership of land and buildings which stand on the land.

You should realize whenever you buy property that the owner who is selling it to you has extremely strong rights as do his family and heirs. Also, there are may be others -- in addition to the owner -- who have "rights" in the property you are going to buy, perhaps governmental bodies, or contractors, for example.Some of the things a title search uncovers are any unpaid taxes or mortgages, judgments against previous owners, easements, and many other court actions or recorded documents which can affect title to real estate.

Protecting you against Hidden Risks

Protection against loss from certain claims on real estate which cannot be discovered by examination of the public records, relating to land, is the second part of the two-fold benefit which title insurance provides.

For example, the title to the home which you have paid for -- and to which you have received a deed -- could be threatened or lost by such circumstances as a forgery. confusion due to similar names, or error in recorded documents. These contingencies will be covered in your policy of title insurance, under its terms.

How does a title insurance policy protect against these dangers?

If a claim is made against your title as covered by your policy. Title Insurance protects you by --

1. Defending you title, in court if necessary. at the title insurance company's expense, as to covered matters.

2. Bearing the cost of settling the claim Wit proves valid, in order to perfect your title. Summarizing, title insurance means this to you:It is insurance, that if any undisclosed claim covered by your policy arises out of the past to threaten your ownership of real estate. it will be disposed of, or you will be reimbursed exactly as your title insurance policy provides.

And you pay only once.

Unlike other forms of insurance, the original premium is your only cost as long as von own the property. There are no annual payments to keep your Owners Title Insurance Policy in force.