Buying a home is an exciting and emotional time for many people.  To help you buy your home with more confidence, make sure you get owner’s title insurance.  Here’s why it’s so important you:

  1. PROTECTS YOUR LARGEST INVESTMENT
    A home is probably the single largest investment you will make in your life. You insure everything else that’s valuable to you—your life, car, health, pets, etc., so why not your largest investment? For a one-time fee, owner’s title insurance protects your property rights for as long as you own your home.
  2. REDUCES YOUR RISK
    If you’re buying a home, there are many hidden issues that may pop up only after you purchase your home. Getting an owner’s title insurance policy is the best way to protect yourself from unforeseen title discrepancies. Don’t think it will happen to you? Think again.Title claims can include:

     

    • outstanding mortgages and judgments, or a lien against the property because the seller has not paid his taxes
    • pending legal action against the property that could affect you
    • an unknown heir of a previous owner who is claiming ownership of the property
  3. YOU CAN’T BEAT THE VALUE
    Owner’s title insurance is a one-time fee that’s very low relative to the value it provides.  It typically costs around 0.5% of the home’s purchase price.
  4. COVERS YOUR HEIRS
    As long as you or your heirs own your home, owner’s title insurance protects your property rights.
  5. NOTHING COMPARES
    Homeowners insurance and warranties protect only the structure and belongings of your home. Getting owner’s title insurance ensures your property rights are protected.
  6. 8 IN 10 HOMEBUYERS AGREE
    Each year, more than 80% of America’s homebuyers choose to get owner’s title insurance.
  7. PEACE OF MIND
    If you’re buying a home, owner’s title insurance lets you rest assured, knowing that you’re protected from inheriting possible debts or legal problems, once you’ve closed on your new home.

More Homebuyer Tips & Information

For more information about owner’s title insurance, contact us.

You can also check out www.homeclosing101.org to learn more about title insurance and the home closing process.

*This article offers a brief description of insurance coverages, products and services and is meant for informational purposes only. Actual coverages may vary by state, company or locality. You may not be eligible for all of the insurance products, coverages or services described in this advertising. For exact terms, conditions, exclusions, and limitations, please contact a title insurance company authorized to do business in your location.

Used with permission from ALTA.

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