Title Insurance FAQ
Buying a home is, for many of us, the biggest single investment we’ll ever make. Knowing this, most homeowners provide for the security and safe keeping of their homes by insuring them against hazards such as fire, theft and weather damage.
But there is another hazard that can pose and even greater risk to home ownership: Defects in the title to your property can cause you to lose part or all of the investment in your home. Fortunately, there is a way to protect our investment from these title defects. It comes in the form of title insurance. Below, we’ve listed the answers to the most commonly asked questions regarding title insurance.
Your title insurance policy contains terms and conditions that may limit or restrict coverage. Consult your attorney for specific advice regarding your legal rights, and consult your real estate professional when selling or purchasing a home.