What is Title insurance?
Title insurance provides protection from “hidden risk”, due to unforeseen claims that may be asserted to your property. The policy provides protection from financial loss and payment of all legal cost to defend title claims.
Title Insurance is an extremely important element of your closing. There is a lot to know and understand. We encourage you to take the time to educate yourself about Title Insurance by clicking the link below. If after reviewing the link you still have questions, please give us a call. We are here to answer any questions you may have.
When you purchase your home, how can you be sure that there are no problems with the home’s title and that the seller really owns the property? Problems with the title can limit your use and enjoyment of the property, as well as bring financial loss. That is what a title search and title insurance are for.
why do i need title insurance?
Even though a title search may be extensive and exacting, it is limited to public records, so the possibility of “hidden risk” remains. This is where TSG Title comes in. Records may not reflect claims of missing heirs, false impersonations, forgeries, improperly probated wills or clerical errors in recording legal documents, so without title insurance your investment is at risk. But the risks don’t stop there. Confusion due to similar or identical names, deeds executed under expired or false powers of attorney, unsatisfied claims not shown in the records and mistaken interpretation of wills and trusts are just a few of the hidden risks that make the purchase of title insurance and a thorough title search a most prudent one-time investment.