Predicting what might or could happen affecting your property in the future is gambling and taking a risk that is unnecessary. 
By purchasing owner’s title insurance, the owner protects themselves from financial loss should an event develop regarding the rights to ownership of your property. There could be hidden title defects that prior title search had not discovered. Additionally, your owner’s title insurance will protect you from financial loss by paying the cost of defending against any covered claim.
How Title Insurance Policy Protects the Owner’s Interest
Some common examples of problems covered by an Owner’s Title Insurance Policy include:
- Improper execution of documents
- Mistakes in recording or indexing of legal documents
- Forgeries and fraud
- Undisclosed or missing heirs
- Unpaid taxes and assessments
- Unpaid judgments and liens
- Unreleased mortgages
- Mental incompetence of grantors on the deed
- Impersonation of the true owners of the land by fraudulent persons
Counsellors Title Agency makes no express or implied warranty respecting the information presented herein and assumes no responsibility for errors or omissions.
If you have any questions about this information or title insurance, please contact Ralph Aponte: 732.914.1400.
Counsellors Title Agency, www.counsellorstitle.net, founded in 1996, is one of New Jersey’s most respected title agencies, serving all 21 New Jersey counties with title insurance, clearing title, escrow, tidelands searches, and closing and settlement services for commercial or industrial properties, waterfront properties and marinas, condominiums, townhouses or residential single family homes. Counsellors Title also features its own Attorney Settlement Assistance Program™ [ASAP], which is an individual resource customized to fit the needs specifically of real estate attorneys, including, Documentation, Preparation, Disbursement of Funds, Attendance at Closing, HUD Preparation or Post-Closing Matters.
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