Reasons for Title Insurance

Reasons for Title Insurance

 

Title Insurance protects against losses that occur when the title to a property is not free and clear of defects. This includes liens, encumbrances, or defects that were unknown at the time the title policy was issued. Title insurance also guarantees loan priority. The policy terms specify the risks that are covered and those that are excluded. If a covered loss occurs, the title insurer will compensate you or your lender up to the policy’s face value, including any associated legal costs. Coverage takes effect from the policy’s issue date and applies to defects that existed before you took ownership. Listed below are various reasons to carry title insurance.  

 

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The enclosed information is deemed reliable but is not guaranteed.