TITLE INSURANCE HELPS KEEP IT THAT WAY.
WOULD YOU EVER THINK YOU COULD LOSE YOUR HOME BECAUSE ANOTHER PERSON LEGALLY HAS A RIGHT TO IT? THAT THOUGHT MIGHT NEVER CROSS YOUR MIND, BUT PERHAPS IT SHOULD.
There are many problems that could affect your title, including: tax liens, forged signatures in the chain of title, recording errors, title search errors and claims by missing heirs and/or an ex-spouse.
THERE ARE TWO TYPES OF TITLE INSURANCE:
It protects you and provides assurance that your title company will stand behind you, if a covered title problem arises after you buy a home.
It protects the lender for the amount of the loan. If you only have a Loan Policy, you are not protected if a problem materializes with your title.
YOUR HOME IS YOUR MOST VALUABLE MATERIAL ASSET. IF THE POTENTIAL LOSS OF YOUR HOME ARISES FROM A COVERED TITLE PROBLEM, AN OWNER’S POLICY WILL PROTECT YOU.
Title insurance is about protection; protecting YOUR HOME, YOUR FAMILY, AND YOURSELF. It is about preventing a mishap, or lessening the severity of its impact. Unlike most insurance policies, title insurance is a one-time-only fee. An Owner’s Policy will protect you as long as you and your heirs have an interest in the property.
© Old Republic Title | October 2015