The Importance of Title Insurance 

The value of title insurance especially for many homeowners, is the fact that their property is their largest investment—and that’s worth protecting! An Owner’s Policy provides you with a range of benefits, including:

  • Protection for as long as you or your heirs own the property
  • Protection from the costs, attorneys’ fees and expenses of defending against any matter insured by the policy
  • Protection against certain covered risks not exceeding the amount of insurance, including a defect in title caused by:
    • Forgery or fraud
    • The lien of real estate taxes or assessments due and payable, but unpaid
    • No right of access to and from the land
    • Unpaid mortgages and other liens
    • Easements or rights of way, limiting use of the property
    • Unmarketable title
    • And more

When you buy title insurance, you’ll also benefit from peace of mind knowing you’ll be protected from financial loss from covered claims. If you decide to sell your property, title insurance can protect you from financial loss if the sale falls through due to a covered defect in your property’s title.

The Lender’s Policy

A Lender’s Policy, which is typically paid for by the homeowner, protects the mortgage lender from financial loss for covered risks and, in most cases, ensures that the mortgage is the only lien against the property. Lenders know the value of protecting their investment and insist on title insurance for that reason. This type of policy protects only the lender’s interest in the property.