Title Insurance

Title insurance is a type of insurance that protects the buyer of a property from financial loss if there are any title defects on the property. A title defect is an issue with the title to a property that could make it difficult or impossible to sell the property in the future. Title defects can include things like liens, easements, or other encumbrances on the property.

Title insurance is important because it can help to protect the buyer from financial loss if there are any title defects on the property. If a title defect is discovered after the sale of the property, the title insurance company will typically pay for the cost of clearing the title defect or for the buyer to get out of the purchase contract.

Title insurance is typically purchased by the buyer of a property at the closing of the sale. The cost of title insurance is usually a few hundred dollars, but it can vary depending on the property and the type of title insurance that is purchased.

There are two main types of title insurance:

* A standard policy will cover title defects that existed before the date of the policy.
* An extended policy will also cover title defects that are discovered after the date of the policy.

It is important to choose the right type of title insurance for your needs. If you are concerned about potential title defects, you may want to consider purchasing an extended policy.

Title insurance is a valuable protection for buyers of real estate. It can help to protect them from financial loss if there are any title defects on the property.