Title insurance is an insurance policy that protects your legal rights to own, possess, use, control, and dispose of land.

Transferring a real estate title can be complicated, because land is permanent and the usage of land and the rights to use can change over the years.

A title search is a detailed examination of the historical, public records concerning a property. These records include deeds, court records, property and name indexes, and many other public documents.

There are two types of title insurance policies: a lender’s policy and an owner’s policy. The lender’s policy is required for a mortgage, financially covers the amount of the loan, and provides protection to the lender. An owner’s policy protects the landowner against any title loss, which endures the value of the property. With title insurance, if a claim is made against the title, the underwriter must pay any and all costs associated with defense against the challenge, and if unsuccessful in that defense, reimburse the landowner for any reduction in value of the land.

Homeowner’s insurance typically provides protection against theft or damage. If a fire destroys your home you can rebuild and buy new possessions. If the title to the land fails, you could lost the right to inhabit your home as well as the land it occupies.

A lender’s policy of title insurance lasts until the mortgage is paid in full. An owner’s policy of title insurance last for as long as you or your heirs retain an interest in the property.

Let one of our experts guide you through this process to protect your and your property.