You may be asking yourself, "What is title insurance and do I need it?" The answer is most definitely! Title insurance is a means of protecting yourself from financial loss in the event that a problem or problems develop with the rights to the ownership of your property. There may be hidden title defects that even the most careful title search will not be able to find. Additionally, to protect you from financial loss, the title insurance pays the costs of defending against any covered claim.
Should you shop for the best title insurance deal? YES! Some states regulate rates while others permit open competition, often resulting in a significant difference between title insurers on the rates and coverage. It is imperative that you choose a title insurance company with the financial strength and stability to meet its obligations.
Feel free to call/email me if you have any real estate questions! I'm Always At Your Service!
David N. Slavin, ABR www.SellMyHouseDave.com
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