What is title insurance?
Why is it important to you?
Title Insurance is an indemnity against loss resulting from defects in the title to the property. Defects can take many forms – from bad deeds, unpaid taxes, judgment liens, forged deeds and long lost heirs to name a few. A title company will issue a title policy stating, “We have searched the title to this property, and find it to be good. We guarantee it”.
The following are frequently asked questions regarding title insurance and the role of the title company. We hope that this will be helpful in understanding the benefits of title insurance.