What is Title Insurance?
A seller only conveys to you the rights of the property that he currently has. Title insurance provides coverage for losses due to defects in the title that occurred prior to your owning it, such as fraud or forgery or something that a detailed title search wouldn't have revealed. You want to buy title insurance from a reputable company with a great record of accommodating claims. The fee for title insurance is only paid one time, at closing, and it varies depending upon the cost of your property. We can give you an exact quote for coverage. Title insurance is basically two policies: yours and your lenders. The lenders require you to cover them for the amount of your loan. Your coverage is for the amount you have paid for the property. If you are buying with cash, you will only purchase your own policy.

Title Insurance ... What It is.
Fire insurance protects you against losses from fire. Collision insurance guards you against the cost of damaged car. Theft insurance - well, you get the idea. Title insurance protects your title to real estate that you are about to acquire. To understand why title protection is essential,
we need to consider real estate for a moment.

Your Ownership of Real Estate.
Real estate has always been considered man's most valuable possession. It is so basic a form of wealth that many special laws have been enacted to protect ownership of land and the buildings which stand on the land. You should realize whenever you buy property that the owner who is selling it to you has extremely strong rights as do his family and heirs. Also, there may be others - in addition to the owner - who have "rights" in the property you are going to buy, perhaps governmental bodies, or contractors, for example. Some of the things a title search uncovers are any unpaid taxes or mortgages, judgements against previous owners, easements, and many other court actions or recorded documents which can affect title to real estate. We find and report such defects in the title to the real estate you wish to buy, so that these matters can be corrected and cleared up. It is the first benefit you receive when title insurance is ordered.

Protecting You Against Hidden Risks.
Protection against loss from claims on real estate which cannot be discovered by examination of the public records is the second part of the twofold benefit. For example, the title to the home which you have paid for - and to which you have received a deed - could be threatened or lost by such circumstances as a forgery, confusion due to similar names, or error in the records. These contingencies will be covered in your policy of title insurance.

How Does a Title insurance Policy Protect Against These Dangers?
If a claim is made against your Title Insurance Policy, it protects you by:
1) Defending your title, in court if necessary, at our expense.
2) Bearing the cost of settling the claim if it proves valid, in order to perfect your title and keep you in possession of your property.

Summarizing, Title Insurance Means This to You:
It is assurance that every possible cloud on the title to the land you are buying - which can be discovered from the public records - has been called to your attention so that such defects can be corrected before you buy. And - it is insurance that, if any undisclosed claim covered by your policy arises out of the past to threaten your ownership of real estate, it will be disposed of, or you will be reimbursed, exactly as your title insurance policy provides.

And You Pay Only Once.
Unlike other forms of insurance, the original premium is your only cost as long as you own the property. There are no annual payments to keep your Owners Title Insurance Policy in force.


Buying Property Is A Numbers Business
• A fire destroys only the house and improvements. The ground is left. A defective title may take away not the only the house but also the land on which it stands. Title insurance protects you (as specified in the policy) against such loss.
• A deed or mortgage in the chain of title may be a forgery.
A deed or a mortgage may have been signed by a person under age.
• A deed or a mortgage may have been made by an insane person or one otherwise incompetent.
• A deed or a mortgage may have been made under a power of attorney after its termination and would, therefore, be void.
• A deed or a mortgage may have been made by a person other than the owner, but with the same name as the owner.
• The testator of a will might have had a child born after the execution of the will, a fact that would entitle the child to claim his or her share of the property.
• A deed or mortgage may have been procured by fraud or duress.
• Title transferred by an heir may be subject to a federal estate tax lien.
• An heir or other person presumed dead may appear and recover the property or an interest therein.
• A judgment or levy upon which the title is dependent may be void or voidable on account of some defect in the proceeding.
• Title insurance covers attorneys' fees and court costs.
• Title insurance helps speed negotiations when you're ready to sell or obtain a loan.
• By insuring the title, you can eliminate delays and technicalities when passing your title on to someone else.
Title insurance reimburses you for the amount of your covered losses.
• A deed or mortgage may be voidable because it was signed while the grantor was in bankruptcy.
• Each title insurance policy we write is paid up, in full, by the first premium for as long as you or your heirs own the property.
• There may be a defect in the recording of a document upon which your title is dependent.
• Claims constantly arise due to marital status and validity of divorces. Only title insurance protects against claims made by non- existent or divorced "wives" or "husbands."
• Many lawyers, in giving an opinion on a title, protect their clients as well as themselves, by procuring title insurance.
• Over the last 24 years, claims have risen dramatically.

We Hope You Never Have A Title Claim
Americans have the future in mind when they buy a house, and they purchase homeowner's insurance to help protect that future. But with home ownership comes the need to protect the property against the past, as well as the future.

Title insurance protects a policyholder against challenges to rightful ownership of real property, challenges that arise from circumstances of past ownerships. Each successive owner brings the possibility of title challenges to the property.

To Protect Your Investment
Every owner, purchaser and beneficiary, whether by a deed or contract, should have an insured title. The entire investment depends upon the quality of title. If you are buying real estate mortgages, you are paying for a good title and you should see that you have one. If either fire insurance or title insurance is omitted, your security is not complete.

A title policy protects you against unforeseen defects in title that an abstract or the public records do not show and cannot show ... nor any attorney's opinion includes.