7 Reasons Why You Need Title Insurance
Buying a home is exciting in an emotional time for many people. To help you buy your home with more confidence, make sure you get owner's Title Insurance. Here's why it's important for you:
Protect Your Largest Investment
A home is probably the single largest investment you will make in your life. You ensure everything else that's valuable to you - your life, car, health, pets, et.c, so why not your largest investment? For a one-time fee, owner’s title Insurance protects property rights for as long as you own your home.
Reduces Your Risk
If you're buying a home there are many hidden issues that may pop up only after you purchase your home. Getting an owner’s title insurance policies is the best way to protect yourself from unforeseen legal and financial title discrepancies. Don’t think it will happen to you? Think again.
Unexpected Title Claims
Outstanding mortgages and judgments, or a lien against the property because the seller is not pay his taxes
Pending legal action against the property that could affect you
An unknown are of a previous owner who is claiming ownership of the property
You Can't Beat The Value
Owner's title insurance has a one-time fee that is very low relative to the value it provides. It typically costs around 0.5% of the home's purchase price.
As long as you own your home, owner’s title Insurance protects your property rights.
Peace of mind
If you're buying a new home, owner’s title insurance lets you rest assured, knowing that you're protected from inheriting most existing debt or legal problems, once you’ve closed on your new home.
Homeowners insurance and warranties protect only this structure and belongings of your home. Getting owner's Title Insurance insures your family property rights stay protected.
8 in 10 home buyers agree
Each year, more than 80% of America's home buyers choose to get owner's title insurance.