Title insurance exist to protect ownership of property the case of a dispute.
In this article, HomeTraq will provide you with the answers to common questions about getting and maintain title insurance, and if you need to have it.
What is Title Insurance...
Title insurance protects you in the case that someone has a claim to your home. Your title insurance will protect you and make sure your property stays with you.
There are a couple of kinds of title insurance:
This protects a property's owner and assures them that the property is correctly vested with them except for specific exclusions from the policy.
Also called a loan policy - this type of insurance provides coverage only to the lender in the transaction of a mortgage, deed of trust or other security instrument.
So do you need to get title insurance? YES. It is important that you carry title insurance in the case of a dispute over ownership of the property.
If you have any other questions reach out to HomeTraq where we will help however we can!
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