About Title Insurance

The purchase of a new home may prove to be the largest single financial investment many people may make in their lifetime, therefore, the importance of fully protecting such an investment cannot be overstressed.
Title insurance is perhaps the most unique form of insurance offered today.  The product is not new, first issued in 1878, but it remains widely overlooked or taken for granted by most consumers.
Title insurance differs from other types of insurance by protecting against future losses from events that happened in the past.  There are no annual premiums.  One premium, based on the amount of the sale or mortgage, is paid when the policy is issued and is good for the life of the policy.
Title insurance protects the insured from losses that result from claims of  ownership or interest to the land.  Transactions in the past chain of title, could now affect the validity of ownership held.  Examples are forgery, incomplete probate, clerical errors or that lack of the signature of someone with a claim to ownership, such as a spouse or a missing heir.
It is our role and duty when issuing title insurance policies, to protect the consumer from all manner of risks so that no future claims arise.  A title search from the courthouse is the start of this process. How the search is examined, interpreted, then transferred to the preparation of closing documents makes all the difference in the world.
The title company’s role does not end with the closing.  The documents must be filed for record in the appropriate offices, the closed loan package prepared and returned to the lender.  Outstanding debts paid and released of record and only then can the final title insurance policy be prepared and sent to the insured.  And after all that, the question would be “how long am I protected?”  In a word - forever.  You and your heirs are protected for as long as you own the property.  Which is another good reason to place your trust with a company that has been in business a long time, and will still be there when you have a question.  In rapidly changing times, knowledge and experience are needed to reduce the stress of the complex issues associated with today’s real estate transactions.  For a smooth real estate closing, you must have a strong Title Company at the helm.  The key is communication, with a dedicated staff which pays attention to the details, drawing on years of experience to provide the solutions needed to overcome obstacles.