|If you haven’t heard about it during your home buying process yet, you will soon. Title insurance may not be as well-known as homeowner insurance or even flood insurance, but it serves an important purpose.
What is Title Insurance?
There are usually two types: lenders and owners.
Types of Policies
The owner’s title insurance fully protects the homeowner in the event that there’s a problem with the title that wasn’t discovered during the title search. It also helps pay for legal fees involved in defending a claim to your title. It lasts as long as you own or have an interest in the property.
Ask your REALTOR® for an overview of title insurance and how to obtain it.
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