U.S. Title insurance
A title insurance policy will help you if issues come up regarding the deed to your property. Title insurance cost is something that the average individual can afford and will protect your assets.
The Title Search
Before the sale of property can be completed, a professional must go through public records to make sure that there are no issues with the title. This involves looking through many years of land records.
Benefits of Title Insurance
Unfortunately problems with titles do occur due to an issue being missed during the title search. Owner's title insurance is an outstanding way to protect your assets when problems arise.
This type of plan will cover the value of the property that is being purchased. An individual will pay a fee during the closing and the indemnity will protect the buyer and his or her heirs as long as they own the property. Some common problems that arise with titles are:
- Errors in the deed
- Heirs that have yet to be discovered
Title coverage offers legal protection if needed. The title company will provide the expertise needed to pay claims and pay legal expenses to protect your title. Title services and lenders title insurance are issued to protect lenders.