Title Insurance: The Rundown
AuthorReal Estate Experts. Date:
Title insurance is a type of insurance that protects the title to real property. It indemnifies the insured against loss or damage sustained by reason of any defect in the title, liens, encumbrances, or adverse claims made against the property. In other words, it protects you from losing your home or land due to some legal issue with the title. In this post, we’ll go over everything you need to know about title insurance including what it is, how it works, and why you need it. What is a Title to Real Property? A title is a document that proves you own a piece of property. It includes your name and other important information about the property, such as a legal description and any restrictions or easements that apply to it. A title to real property can be either fee simple or leasehold. Fee simple means you own the property … Continued
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