Why Title Insurance?

When you buy a home, you expect to enjoy important property rights. For example, you likely expect to be able to occupy the property, to be free from debts or obligations not created or agreed to by you, and to be able to freely sell your property or pledge it as security for a loan. Title insurance is designed to protect these important property rights. There are two different types of title insurance policies:

• • • Owner’s Policy:  An Owner’s Title Insurance Policy is a contract that protects you against the loss or damage due to title defects. For most people, purchasing a home is the biggest financial investment they will ever make and protecting that investment is of the utmost importance.

    • Lender’s Policy: is paid for by the homebuyer and is required by the Lender but that policy only provides insurance to the lender. A homeowner is not covered, and cannot make a claim, under a lender’s policy of title insurance.