THE IMPORTANCE OF TITLE INSURANCE Title insurance at its core protects you, the insured, against lawsuits challenging your interest as lawful holder of title. By taking steps to minimize risk at the time of issuance, you will be protected against loss of title. Chicago Title provides you peace of mind knowing that the investment you’ve made in your home is a safe one. If you have any questions concerning your coverage, please contact your local Chicago Title office. How does a title insurance policy protect against all these dangers? If a claim is made against your title as insured, Chicago Title Insurance Company protects you by: 1. Defending your title, in court if necessary, in accordance with the terms of your policy. 2.Bearing the cost of settling the claim if it proves valid, in order to protect your title in accordance with the terms of your policy.
What if a title search fails to uncover an existing defect? These are commonly referred to as “hidden risks” and do arise from time to time. They are undiscovered defects which may arise long after you have bought your home. Protection against loss from claims on real estate, which cannot be discovered by examination of the public records, is an important benefit which title insurance provides. The title to the home which you have paid for—and to which you have received a deed—could be seriously threatened or completely lost by circumstances such as forgery, confusion due to similar names, error in the records—to cite just a few hazards.
Title insurance mitigates the risk of loss of title, giving you peace of mind on your investment.
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STRENGTH | EXPERTISE | SERVICE
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