10/10/2026
Thinking of buying a home? 🏡 Make sure you understand the benefits of title insurance before closing! The contract provides options regarding who pays the owner's title insurance and lender's title insurance.
Here are five key things to keep in mind:
1️⃣ Title insurance shields you from potential title problems like undiscovered liens or ownership disputes—crucial even after closing.
2️⃣ It's different from home insurance. While home insurance covers the property and its contents, title insurance focuses solely on ownership risks.
3️⃣ Coverage can vary depending on the policy and local regulations, so be sure to grasp what's included, excluded, and limited.
4️⃣ Typically, it involves a one-time premium payment rather than recurring monthly fees.
5️⃣ Remember, a title search is still necessary to uncover any hidden ownership issues before finalizing the purchase.
Title insurance terms differ by location, so it's essential to review your policy thoroughly to grasp the protection it offers.
📌 Don't skimp on understanding your title insurance coverage—talk to a title insurer you like, know, and trust to learn about what it safeguards you from before making that big move!
