FAQs

What is title insurance?

1

Title insurance insures against financial loss caused by defects in title to real estate. Title insurance companies defend against lawsuits attacking the title, or in the case of a covered loss, reimburse the insured up to the policy limit.

Is title insurance like homeowners’ insurance?

2

No, title insurance is different from other types of insurance. It does not insure against fire, flood, theft, or any other type of property damage or loss. It protects against losses from ownership problems that arose before you bought the property but were not known at the time you bought the property. It does not guarantee that you will be able to sell your property or borrow money on it.

What types of title insurance are there?

3

Owner’s Title Insurance: The owner’s title insurance protects you against losses from ownership problems that arose before you bought the property, but that were not known at the time you bought the property.

Lender’s Title Insurance: The lender’s title insurance is issued to the mortgage lender. It protects the lender’s interest in the property until the borrower pays off the mortgage.

Why do I need a loan policy?

4

You can reach us anytime via our contact page or email. We aim to respond quickly—usually within one business day.Most lenders will require a loan policy as a condition of the mortgage. The policy will repay the balance of your mortgage if a claim against your property voids your title. A loan policy covers up to the amount of the principal on your loan.

What are some things that an Owner’s Policy would protect me against?

4

  1. Forgery

  2. Fraud in the execution of documents

  3. Undue influence on a grantor of a deed

  4. False impersonation by someone purporting to be the owner of the property

  5. Errors in surveys

  6. Undisclosed or missing heirs

  7. Wills not properly probated

  8. Misinterpretation of wills and trusts

  9. Mental incompetence of a grantor of a deed

  10. Transfer of title by a minor

  11. Heirs born after the execution of a will

  12. Incorrect legal descriptions

  13. Non-delivery of deeds

  14. Unsatisfied claims not shown on the record

  15. Deeds executed under expired of false powers of attorney

  16. Confusion due to similar or identical names

  17. Dower or courtesy rights of spouses of former owners

  18. Incorrect indexing of the land records

  19. Clerical errors in recording legal documents

  20. Delivery of deeds after the death of the grantor