Title Insurance: Protecting The Future Through the Past
A home is likely your most valuable asset. It’s where you grow up and grow old, create a haven for your family and friends, and a foundation for everything else you do. With title insurance, we’re ensuring that you alone have claim to your sanctuary.
Just what IS Title Insurance and how is it different? Just like all other insurances, it protects the insured against loss, in this case, claims against the title to the property. However, it is different in that it protects against a future claim caused by an issue or event that occurred in the past, rather than one yet to happen. These potential claims against the title, if not addressed, can have devastating results. How can those claims affect my title? An unknown recording defect, lien, unpaid taxes, unsatisfied mortgages, judgments & tax liens, as well as forged deeds, unknown or missing heirs, erroneous deeds (minors, persons of unsound mind, incorrect marital status, etc.) fraud, and false impersonation of ownership can all create potential clouds on your title. Without the title search, and subsequent clearing of clearable title issues that comes with title insurance, you are open to other parties potentially making claims on your property for possession of the property or financial reimbursement. Just how does it work? Our in‐house title officers and examiners diligently search the public record for all documents associated with the property. After close technical review we evaluate the impact of the recorded matters on the title, and whether they would have effect on the use of the property. The documents and items of concern are all illustrated on the title commitment provided to you so that any obstacles can be addressed before closing. If there are any undiscovered potential claims, many of them are covered under your insurance policy and can be addressed if they arise.
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