Protecting Your Home With an Owner’s Policy There are two types of title insurance. The first is owner’s title insurance, called an Owner’s Policy. The second is lender’s title insurance, called a Loan Policy. To start, most lenders require a Loan Policy when they issue you a loan. The base amount of this policy is the dollar amount of your loan. It only protects the
Do You Need Additional Title Coverage? Introduction If you previously purchased property and obtained an Owner’s Title Insurance Policy, it is possible that additional title insurance coverage is needed. Perhaps your policy does not reflect the current value of your property, inquiring about extra coverage may be beneficial. When refinancing your mortgage or obtaining a construction loan/home equity loan to improve your property, it is
Why get title insurance, really? Title insurance protects your property rights. It provides coverage for certain losses due to defects in the title that, occurred prior to your ownership. Title insurance protects against defects such as prior fraud or forgery. Surprisingly, these item could go undetected until after closing and possibly jeopardize your investment. Title Insurance Overview When a piece of real property is financed, purchased
An Enhanced Title Insurance Policy has advantages! This policy type provides you with valuable coverages which are not provided for in the Standard Title Insurance Policy. Unlike the traditional standard policy, the Enhanced Title Insurance Policy expands your coverage by providing protection into the future. Additionally, with the superior coverage, the Enhanced Title Insurance Policy provides, you can be assured of the best protection available.
Introduction Get title insurance for protection! Homeowner’s have many options to consider when determining the best possible protection to keep their homes safe and secure for their families. Often, though, people take title insurance for granted. Choosing to install smoke alarms, deadbolt locks, and home security systems is a great way to start! These are important lines of defense to ensure their peace of mind.