Email This Post Email This Post Print This Post Print This Post

Why Title Insurance?

Why Title Insurance?

When you decide to buy a property you must be certain that after the sale has been completed you will be the true owner of the property. You need to be confident that no liens, encumbrances or other impediments will prevent your free use and enjoyment of the property.

Insurance for the property owner

The same way you purchase life insurance to protect your interests, a Title Insurance should be purchased to protect your property title interests. Your real estate investment will probably be the biggest investment you will ever make and loss of this investment can be financially devastating. You need to be certain that you are financially protected from potential losses.

What does title insurance provide?

  • Protection against monetary losses, brought about by hidden ownership claims that may be made against the property title;
  • Payment of legal expenses if the company must defend your property title against a claim covered by the Title Insurance in the local courts;
  • Payment of valid claims against your property title, up to the amount of the Title Insurance.

Some of the risks covered by a Title Insurance

  • Invalid documents executed under expired or no existent power;
  • Loss or damage sustained or incurred by reason of Ejido or Communal Land;
  • False assumption of identify of legitimate property owner;
  • Falsification of documents, legal power, and other papers related to the transfer of property title;
  • Liens or other financial burdens charged to the previous property owner;
  • Non-registered property easements;
  • Hidden heirs of previous property owners;
  • Documents executed by minors of age;
  • Invalid Documents delivered after death of previous owner.

Peace of Mind

Once acquired, a Title Insurance remains in place as long as you own the property giving you a lifetime of security and peace of mind backed by financial stability. Because a once only payment is required, a Title Insurance is a cost effective method of protecting your real estate investment and enhancing the value of your property.

Important note: IdeaCOM facilitates tips about legal and other matters as a service to our clients. Content provided here is for information and convenience purposes only and is not to be considered legal or other advice or an endorsement of products or services of any of the links. Details, costs and fees mentioned, links and veracity of content of external sites and companies are subject to change without notice and can be changed without our knowledge. For pricing, costs and information about third-party services, please contact those companies directly. For legal advice or help with any other matters, as well as for a quote related to your service or case, please contact one of our experts and make an appointment to discuss your personal or corporate matters on an individual case-by-case basis. For a complete list of our FAQs, tips and information, please consult our site map.

Tags: , , , ,

Fatal error: Call to undefined function wp_related_posts() in /homepages/23/d187487723/htdocs/ideacom/wp-content/themes/green-apples/single.php on line 29