Fire insurance protects you against losses from fire.
Collision insurance guards you against the cost of a
damaged car. Theft insurance - well, you get the idea.
Title insurance protects your title to real estate that
you are about to acquire. To understand why title
protection is essential, we need to consider real estate
for a moment.
Your Ownership of Real Estate.
Real Estate has always been considered man's most valuable
possession. It is so basic a form of wealth that many
special laws have been enacted to protect ownership of
land and the buildings which stand on the land.
You should realize whenever you buy property that the
owner who is selling it to you has extremely strong rights
as do his family and heirs. Also, there may be others - in
addition to the owner - who have "rights" in the property
you are going to buy, perhaps governmental bodies, or
contractors, for example.
Some of the things a title search uncovers are any unpaid
taxes or mortgages, judgments against previous owners,
easements, and many other court actions or recorded
documents which can affect title to real estate. We find
and report such defects in the title to the real estate
you wish to buy, so that these matters can be corrected
and cleared up. It is the first benefit you receive when
title insurance is ordered.
Protecting You Against Hidden Risks.
Protection against loss from claims on real estate which
cannot be discovered by examination of the public records
is the second part of the twofold benefit which the Title
For example, the title to the home which you have paid for
- and to which you have received a deed - could be
threatened or lost by such circumstances as a forgery,
confusion due to similar names, or error in the records.
These contingencies will be covered in your policy of
How Does a Title Insurance Policy Protect Against
If a claim is made against your title as covered by your
policy, the title protects you by:
• Defending your title, in court if necessary, at our
• Bearing the cost of settling the claim if it proves
valid, in order to perfect your title and keep you in
possession of your property.
Summarizing, Title Insurance Means This to You:
It is assurance that every possible cloud on the title to
the property you are buying - which can be discovered from
the public records - has been called to your attention so
that such defects can be corrected before you buy. And -
It is insurance that, if any undisclosed claim covered by
your policy arises out of the past to threaten your
ownership of real estate, it will be disposed of, or you
will be reimbursed, exactly as your title insurance policy
And You Pay Only Once.
Unlike other forms of insurance, the original premium is
your only cost as long as you own the property. There are
no annual payments to keep your Owners Title Insurance
Policy in force.