Title Insurance Policies_ A Great Tool to Protect Your Prope by Rick Nayar. Florida Title Insurance Company - Artesian Title. What is Title Insurance and Why Do You Need It? You understand the benefit of car insurance and homeowners insurance, but chances are you’ve never thought about title insurance until you started the process of buying a house.
What is title insurance? It’s a policy that insures that you won’t have any unknown claims made to the ownership of your home. What could go wrong? A clean or clear title is important because the title is what gives you ownership of a property. An ounce of prevention Unlike most insurance policies, you pay just a one-time fee and your property is covered for as long as you or your heirs own it.
As you’ve probably guessed by the one-time fee, title insurance doesn’t work the same way most other policies do. While you are in the escrow phase of your purchase, the title insurance company will conduct a comprehensive search to make sure there are no such surprises lurking in the dusty files in some forgotten corner of the county courthouse. What kinds of policies are there? What’s covered depends upon your policy. What Is Home Title Insurance - Policy Costs, Coverage & Need.
Tech Disruption In Title Insurance Is A New Frontier -- Or Is It? Should you buy title insurance for a new home build.