What is title insurance?
When a homebuyer makes an offer to buy a house, the home seller wants to be certain that the title to the property is clear. But even the most diligent search of the public records could fail to disclose a number of title defects.
Read on to learn about a few of the problems that can suddenly surface.
- A forged will or deed
- A title transfer by someone underage
- A married person conveying real estate without his or her spouse
- Fraudulent impersonations
- Secret marriages
- Undisclosed heirs
- Invalid divorces
- False affidavits
Without the protection of title insurance, a homeowner can find himself in serious jeopardy of losing his investment. Title insurance indemnifies against loss if any of these "hidden hazards" result in a claim against ownership.
Still have questions about title insurance? Read our owner's title policy FAQs for a complete guide to choosing which policy is right for you.
Compare policy coverage
Two kinds of title insurance are available. The first is the Standard Policy and the second is the Enhanced Policy, which features expanded coverage. For more information, you can compare the two policies.