Title Insurance is a special form of insurance that protects the interest of the property owner and lender from issues that arise affecting the title to the property.
Purchasing a title insurance policy insures the title to the real estate property. A title policy is designed to protect clients in several ways, including the following:
• The policy provides payment for loss arising from hidden defects not discovered in the course of the title examination or recording of the deed of trust.
• The policy provides payment for legal expenses necessitated to clear title defects.
• A title policy assures clear title for a subsequent sale.
We can provide our clients basic title insurance policy coverage for lenders and owners, as well as extended coverage options. An extended coverage policy is one that offers a range of additional protections beyond basic coverage, such as protection against certain encroachments, forgery or fraud found after title insurance is issued, a previous owner’s building permit violations, errors in subdivision plat maps, and a previous owner’s covenant violations.