Why Is Title Insurance Important?

Title insurance plays a major role in making certain home ownership is safe and secure by providing protection against loss due to any defect in title. A reputable title agent offers reliable purchasing information, insight into historic matters of importance, and the security of a state licensed and regulated company.

How Does It Work?

Unlike most material purchases, paying money for real estate and receiving a deed to property does not assure the buyer of a free and clear title. According to real property laws, once settlement is final, the buyer is financially responsible for any valid claims made against his/her property. This means that any unsettled matters involving the property and past owners become the current owner’s problem.  For example, the property title may have been transferred by a minor or someone who was legally incompetent. The possibilities are endless. However, title insurance assures you that your investment is secure.