More than likely, your home is your biggest investment, and we protect your interest in that investment. 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. Each title insurance policy is subject to specific terms, conditions and exclusions. While other types of insurance (such as flood, auto or homeowner’s insurance) provide coverage that focuses on possible future events, title insurance protects against loss from hazards and defects already existing in the title to a property.
An important part of title insurance is its emphasis on risk elimination before insuring. This gives you, as the policyholder, the best possible chance for avoiding title claim and loss.
Title insuring begins with a search of public land records affecting the real estate concerned, whether it be a commercial, residential or vacant land sale or purchase. Here are some examples of documents that can present concerns:
Deeds, wills and trusts that contain improper wording or incorrect names
Outstanding mortgages and judgments, or tax lien against the property because the seller has not paid the taxes
Easements that allow construction of a road or utility line
Pending legal action against the property that could affect a purchaser
Incorrect notary acknowledgements
Remember that the best title examination or search cannot protect your equity and home from matters not appearing in the public records. Despite all the expertise and dedication that go into a title search and examination, hidden hazards can emerge after closing, resulting in unpleasant and costly surprises:
A forged signature on the deed blocks the transfer of ownership to you
An unknown heir of a previous owner who is claiming ownership of the property
Instruments executed under an expired or fabricated power of attorney
Mistakes in the public records
*Please note this is not a complete list of the potential risks *
Ready to get started? Call us today for a quote: 406-222-3037 or email our team at email@example.com