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Are You Avoiding Hidden Issues with Title Insurance When Buying a Home?

June 5, 2023

Are You Avoiding Hidden Issues with Title Insurance When Buying a Home?

Home buying is one of the greatest investments you'll make in your lifetime, both exciting and daunting all at the same time. There are so many aspects to keep in mind from finding a suitable property to securing financing - one essential part of this process being title insurance coverage.



Why have title insurance?

 
Title insurance provides protection to homeowners against potential claims or disputes regarding the title to their property, which serves as proof of ownership. Before purchasing a home, a title company will conduct extensive research on its history to make sure it's free from liens, claims, or disputes before providing a report that details any issues they found during their research process. Title insurance covers you against unforeseen issues which may arise post purchase of your new property.
 
 

Though title insurance might seem unnecessary, even the most comprehensive title searches may miss certain issues that might impact a property purchase - for instance a claim based on forged documents may not show up in the search. Therefore, title insurance provides additional protection against these issues.

Title insurance comes in two varieties, lender's title insurance and owner's title insurance. Lender's title insurance protects lenders' investments in real estate while owner's title insurance safeguards you as the homeowner from title issues that could arise; should any arise, their insurance provider will defend them in any legal proceedings and cover losses up to its policy limit.
 
 


 
Title insurance is an integral component of home buying, safeguarding you against potential claims or disputes over the title to the property after you've made your investment decision. While title insurance isn't required in all states, it is strongly encouraged that it be purchased so as to safeguard both yourself and your future investment. Invest in yourself now - title insurance provides peace of mind!
 

DIANA RENEE

About The Author

Diana Renee

I am so fortunate to have grown up in one of the most wonderful places in the world, California. With friendly people, incredible weather, great entertainment, beaches, mountains and the desert all within driving distance, SoCal has it all. I was born and raised in Long Beach, and have lived in Corona since 1996. I truly love this city and I'm proud to assist my clients in navigating the process of buying and selling real estate.

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