The Land Title team is ready to work with you to meet your residential title needs.

What is Title Insurance

Title insurance is a means of protecting yourself from financial loss in the event that problems develop regarding the rights of ownership to your property. There may be hidden title defects that even the most careful title search will not reveal. In addition to protection from financial loss, title insurance pays the cost of defending you against any covered claim.

There are two types of title insurance.

Lender’s Policy A Lender’s Policy insures that your lender has a valid lien on the property. Most lenders require this type of insurance and will typically require the borrower to pay for it. Owner’s Policy An Owner’s Policy, on the other hand, protects your interest in the property. Title troubles, such as improper estate proceedings or pending legal action, could put your equity at serious risk. If a valid claim is filed, in addition to covering the financial loss up to the face value of the policy, your owner’s title policy will pay for the cost of legal defense.