Why do I need title insurance

When you purchase your home, how can you be sure that there are no problems with the home's title and that the seller really owns the property? Problems with the title can limit your use and enjoyment of the property, as well as bring financial loss.  You expect to enjoy certain benefits from ownership... to be able to occupy and use the property as you wish; to be free from debts or obligations not created or agreed to by you; and to be able to freely sell or pledge your property as security for a loan.   Title Insurance is designed to cover these rights.

Without an Owner's Title Insurance Policy, you may not be fully protected against errors in the public records, hidden defects not disclosed by the public records, or mistakes made during the examination of the title of your new property. As a result, you may be held fully accountable for any liens, judgements or claims brought against your new property. However, your Owner's Title Policy insures that if such an occasion arises, you will be defended, free of charge against all covered claims and paid up to the amount of the policy to settle valid claims.