10/20/2014
Why not protect your biggest investment, your home? Title insurance protects you from losses that occur from various matters affecting the title to land. There are two basic types of policies: Owner's policies to protect the owner, and Loan policies to protect the bank's mortgage. The title examiner will not be able to discover all existing problems in titles examined, despite a diligent effort to do so. The most able surveyor will not be able to discover every easement, encroachment or property line discrepancy that might exist. The best attorney may not discover every heir or even every spouse that has an interest in title. The examiner's, surveyor's and attorney's efforts can all reduce risk of loss or damage, but not all such risk can be eliminated. Title insurance provides protection needed from the loss or damage that can arise from such undiscovered risks. The owner's policy is the ONLY policy that covers the owner's of the property. The lender's policy, which is most of the time required, covers the lienholder.
