WHAT IS TITLE INSURANCE? Title insurance provides coverage for losses due to defects in the title which occurred prior to your ownership. It is your only protection against things such as unpaid taxes and liens, judgments against the seller, fraud or forgery on deeds and wills, missing heirs, transfers of title by a minor, or other issues that might go undetected until after closing, which could jeopardize your ownership and investment. WHY DO I NEED TITLE INSURANCE? Even though a careful examination of public records is made, there may be hidden defects in the title to your property. Some examples of these hidden defects might be fraud or forgeries on documents such as deeds and wills, missing heirs, defective deeds, clerical errors, claims arising because a married person conveyed property without his or her spouse, and transfers of title by a minor. An owner’s title insurance policy will protect and defend your investment if any title claims covered by your policy are made against your property at no additional cost to you.
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