Why Do I Need Title Insurance?

Title insurance offers financial protection against title hazards. Your policy lasts as long as you have an interest in the insured property. There are two types of title insurance:

Owner's coverage which protects the buyer.
Lender's coverage which protects the interest of the lender

Title insurance protects your investment against defects that may already exist in the title and is purchased with a one-time premium. So it just makes sense to protect the largest single investment most of us will make in our lifetime through purchase of title insurance in the same way we protect our home with hazard insurance and flood insurance.

Examples of Title Hazards

A forged signature on a deed, resulting in no actual transfer of ownership to you.

An unknown heir of a previous owner who is claiming an ownership interest in the property.

Mistakes made in the public record.

Instruments executed under an expired or fabricated Power of Attorney.

Owning real estate is one of the most precious values of freedom enjoyed in this country. When you decide to buy a new home, you want to be sure the property will be yours and that no one else will have any liens, claims or encumbrances against your home other than your agreed to mortgage. Once purchased, title insurance remains in effect for as long as you own your home. Title insurance adds security and peace of mind to home ownership. - Stewart Title Guaranty Company

Send mail to webmaster@lotsharp.com with questions or comments about this web site. Copyright © 2006 The Sharp Law Firm, P.C. Last modified: 07/10/07

Send mail to webmaster@lotsharp.com with questions or comments about this web site.
Copyright © 2006 The Sharp Law Firm, P.C.
Last modified: 07/10/07