Why do I Need Title Insurance?

Believe it or not, we get asked this question often. People wonder why their lender is requiring it, and why they need to pay for it. Well, we’ve got the answer for you right here.

The short answer is this: you need Title Insurance to protect you and your purchase in the case of financial loss related to the property in question.

The Title Company (that’s us) researches the home you’re preparing to buy to make sure that there are no legal claims against it from previous owners. Essentially, we’re making sure that the person who’s selling the home to you has clear legal rights to do so, and that there are no liens or levies from previous lenders or owners, or taxes due from the government.

So then, if it’s just a matter of research, why do you need title insurance?  The answer is simple – to cover you and your purchase in the event that any previously unforeseen issues arise after closing. Insurance is protection – and purchasing a home is one of the biggest decisions and purchases you’ll likely ever make.

It’s a pretty interesting process, to be honest – check back soon and we’ll let you know exactly what Title Insurance entails; in the meantime, here’s what you need to know: we’re more than just another step in the home-buying process. We’re the basis of your new purchase peace of mind – and that’s just where we’d like to be.