Protecting Your Property with Title Insurance
Title insurance is like a safety net for your property. It protects you from financial losses that might come up because of hidden problems with your property's ownership history. You might be wondering if title insurance is necessary. The clear answer from real estate experts is "yes." For many people, their property is their biggest investment, so it's important to protect it. Within the realm of title insurance, two distinct policies exist: Owner's Title Insurance and Lender's Title Insurance. While they may seem similar, these policies serve different purposes and provide protection to different parties involved in a real estate transaction. Â Owners Title Insurance: Owner's title insurance, also known as an Owner's policy, is designed to protect the buyer or homeowner. When you purchase a property, you are essentially acquiring…