What is Title Insurance? the legal right to possession of the property.

What risks are covered by Title Insurance? Actual loss of the property Unmarketability of the title Loss due to unknown liens or encumbrances

Why do you need Title Insurance? to protect you against losses from undiscovered defects in existence when the policy is issued.

Will the Title Insurance Company provide defense for claims? Yes. The title insurance company will defend at its expense all litigation against the insured regarding a title defect covered in the policy, whether or not the claim proves valid. The insured transfers all rights of subrogation to the title insurance company, and gives the company permission to use the name of the insured in all actions connected to defense or recovery.

What is the Owner's Policy? The owner's title insurance policy applies to the owner of real property, whether it be an individual or corporation. The policy is interminable and can be passed on to heirs or corporate sucessors.

What are the Mortgage Policies? Mortgage title insurance policies, also known as lender or loan policies, insure in addition to other matters, that the person receiving the loan from the lender has title to the real estate encumbered as security and that the deed of trust or mortgage is a valid lien on the real estate. The liability in a mortgage policy, except for litigation expenses, decreases as the mortgage is paid, and terminates upon final payment.