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Title Insurance
A one-time policy that protects your ownership rights against title defects, undisclosed heirs, forgery, and errors in public records.
What you should know
Title insurance is crucial for several reasons:
• Protection against title defects: Even with a thorough title search, some issues can go unnoticed. Title insurance protects you from defects such as undisclosed heirs, forgery, or errors in public records.
• Defense against legal claims: If a title dispute arises after you've purchased the property, title insurance covers the cost of defending your claim in court.
• Lender requirements: Most mortgage lenders require title insurance to protect their investment.
• One-time purchase: Unlike other types of insurance, title insurance is a one-time purchase that provides coverage for as long as you or your heirs own the property.
• Peace of mind: Knowing you are protected against potential legal and financial issues related to your property's title provides significant peace of mind.