How Can Title Insurance Protect You?
The insurance policies insure titles to real property for owners and mortgage lenders and provide the following protections:
Payment of Loss
1Payment of loss arising from errors in the examination or recording or which result in hidden defects.
Payment of Legal Expenses
2Payment of legal expenses incurred to clear title defects, which threaten the lender or owner with loss.
3Assurance that the marketability of the property remains unimpaired from title defects.
How Are Policies Issued?
Policies are issued based upon a search and review of the public land records and other relevant documents. A thorough examination is performed to determine title ownership and any other matters affecting the property title and use of that property. Items that may affect a title include easements, restrictions, rights of way and judgment liens.