Title Insurance
Owner's Title Insurance Protection
Without owner's title insurance, you assume all costs to defend or clear title — and risk losing your equity entirely if a defect surfaces after closing.
Why Purchase an Owner's Policy?
When buying a home, you want certainty that the title is clear. However, even the most diligent public records search can fail to disclose every title defect. An owner's title insurance policy protects you for your entire homeownership duration — not just at the time of purchase.
Only owner's title insurance fully protects buyers if title problems arise that the title search didn't discover. It also covers legal fees for defending your ownership against any claims.
When does an owner's policy expire?
An owner's title insurance policy stays active as long as you (or your heirs) own the property. It never expires during your ownership.
Why can't I use the seller's policy?
The seller may have judgments or other issues affecting title. Additionally, the policy must reflect the new purchase price. However, if the seller's policy is less than 10 years old, you may qualify for a discounted reissue rate.
Is owner's title insurance required by law?
No. But virtually all real estate attorneys and financial advisors strongly recommend it. Most lenders require their own lender's policy, but the owner's policy is your personal protection.
How common are title claims?
More common than most people think. According to ALTA, title problems arise in 1 out of every 4 real estate transactions. Title insurers paid over $460 million in claims in a single year.
Title Problems That Could Arise
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