WHY DOES YOUR REAL ESTATE NEED TO BE INSURED BY TITLE INSURANCE?

May
2013
15

posted by admin

You probably have several forms of insurance already. And you undoubtedly are familiar with insurance coverage on cars, your life and medical bills. But title insurance?

When you buy a condominium, a home, any other type of building or even vacant land, you must have a complete investigation made on every aspect of the property, or you may discover that the property you bought and paid for is not actually yours at all!

And even after the investigation, you will need protection in the event that some point has been missed in the public records or someone makes a claim on the title to your property. That protection is a title insurance policy.

What does it mean to insure your title to real estate? And what are the risks that make title insurance so necessary?