Introduction to Title Insurance
Title insurance is unique. Unlike other types of insurance coverage, a title policy provides protection from the consequences of past events. And unlike other types of insurance, you make only one premium payment for a lifetime of coverage.
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Title Insurance Protects Your Right of Ownership
Title Insurance Protects Your Right of Ownership
Title insurance protects your title to a property from legal challenges that might arise from an illegal or erroneous transfer of title before you bought the property.
Title insurance covers your legal fees and, up to the limit of coverage, the cost of any related judgments against your property.
Protect your rights
Common Title Defects
Some of the most common hidden risks that can cause a loss of title or create an encumbrance on title include:
- Instruments executed under invalid or expired power of attorney
- Undisclosed or missing heirs
- Mistakes in recording legal documents
- Misinterpretations of wills
- Deeds by persons of unsound mind, by minors or by persons supposedly single but, in fact married
- Fraud
- Liens for unpaid estate, inheritance, income or gift taxes
- False impersonation of the true owner of the property
- Forged deeds, releases or wills
Title insurance protects you from claims arising from any one of these events if the event took place before you bought the property.
