Be Protected With Title Insurance

Title insurance provides financial protection against title problems that might not be discoverable in public records, are missed in the title search process or are a result of fraud or forgery.

The title policy required by a lender covers only the lender’s interest in a property.

The homeowner’s policy, purchased at closing, provides coverage for the homeowner. If your home’s title is challenged, based on a situation covered in the policy, the title insurer will either perfect (establish a valid title) or pay for defending against the challenge and will either make perfect the title or cover the costs in the case of a valid claim.

The Two Most Common Types of Title Insurance Are:

Lender or Mortgage Protection

Most lenders require mortgagee title insurance as security for their investment in real estate, just as they may call for fire insurance and other types of coverage as investor protection. When title insurance is provided, lenders are willing to make mortgage money available in areas where they know little about the market.

Owner’s Coverage

Owner’s title insurance lasts as long as you, the policyholder – or your heirs – have an interest in the insured property. This may even be after you have sold the property.

What does an owner’s policy cover?

• Mistakes in the recording of legal documents
• Forged deeds, releases or wills
• Undisclosed or missing heirs, including spouses
• Deeds by persons of unsound mind
• Deeds by minors
• Deeds executed under an invalid or expired power of attorney
• Liens for unpaid taxes
• Fraud