The Process

What is a title insurance and why do I need it? 

Hidden Hazards - Unpleasant Surprises

Title insuring begins with a search of public land records for matters affecting the title to real estate concerned.

Here are some examples of instruments that can present concerns: 

  • Deeds, wills and trusts that contain improper vestings and incorrect names
  • Outstanding mortgages, judgments and tax liens
  • Easements
  • Incorrect notary acknowledgements

Through the search and the examination, title problems like these

are disclosed so they can be cleared up whenever possible. But

even the most careful preventative work cannot locate hidden

hazards of title.

When purchasing a home or other real estate, you actually don’t receive the land itself. What you acquire is title to the property – which may be limited by rights and claims asserted by others.  Problems with title can limit your use and enjoyment of real estate, as well as bring financial loss. Title trouble also can threaten the security interest your mortgage lender holds in the property.

Protection against hazards of title is available through a unique coverage known as title insurance. Unlike other kinds of insurance that focus on possible future events and charge an annual premium, title insurance is purchased for a one-time payment and is a safeguard against loss arising from hazards and defects already existing in the title.

In spite of all the expertise and dedication that go into a search and examination, hidden hazards can emerge after completion of a real estate purchase, causing an
unpleasant and costly surprise. Some examples include the following:

  • A forged deed that transfers no title to real estate
  • Previously undisclosed heirs with claims against the property
  • Instruments executed under expired or fabricated power of attorney
  • Mistakes in the public records

                           Title insurance offers financial protection against these and other

                           hidden hazards through negotiation by the title insurer with third

                           parties, payment for defending against an attack on title as insured,

                           and payment of claims.