Title insurance protects your title to real estate that you are about to acquire.
To understand why title protection is essential, we need to consider real estate for a moment.
Your Ownership of Real Estate
Real estate has always been considered a person’s most valuable possession. It is so basic a form of wealth that many special laws have been enacted to protect the ownership of land and the buildings thereon.
You should realize whenever you buy property that the owner who is selling it to you has extremely strong rights as do his family and heirs. Also, there may be others – in addition to the owner – who have “rights” in the property you are going to buy, perhaps governmental bodies, or contractors, for example. Some of the things a title search uncovers are any unpaid taxes or mortgages, judgements against previous owners, easements, and many other court actions or recorded documents which can affect title to real estate.
We find and report such defects in the title to the real estate you wish to buy, so that these matters can be corrected and cleared up. Title insurance is a risk elimination product, not a risk assumption product.