TITLE INSURANCE

Title insurance is crucial in real estate transactions because it protects buyers and lenders from potential legal issues related to property ownership. When you purchase real estate, a title search is conducted to verify that the seller has the legal right to transfer ownership and that there are no outstanding claims, liens, or disputes on the property. However, even with a thorough search, hidden issues like undisclosed heirs, forgery, or clerical errors can arise later.

 

Title insurance protects against these risks, covering legal fees and potential losses. Unlike other insurance types, which require ongoing premiums, title insurance is a one-time payment made at closing, ensuring peace of mind for as long as you own the property.