7 reasons why every homebuyer needs Owners' Title Insurance


Buying a home is an exciting and emotional time for many people. To help you buy your home with more confidence, make sure you get owner's title insurance. Here's why it's so important for you:

Protects Your Largest Investment
A home is probably the single largest investment you will make in your life. You insure everything else that’s valuable to you — your life, car, personal property, health, pets, jewelry, etc. — so why not your largest investment? For a one-time fee, owner’s title insurance protects your property rights for as long as you own your home.

Reduces Your Risk
If you’re buying a home, there are many hidden issues that may pop up only after you purchase your home. Getting an owner’s title insurance policy protect is the best way to protect yourself from unforeseen legal and financial title discrepancies. Don't think it will happen to you? Think again.
Unexpected title claims include:
• Outstanding liens: outstanding mortgages and judgements or a lien against the property because the seller has not paid his taxes.
• Legal claims: pending legal action against the property that could affect you.
• Heirship claims: an unknown heir of a previous owner who is claiming ownership of the property
• Forgery: making a false document. For example, the seller misrepresents the identity of the person selling the property.
• Fraud: deception to achieve unfair gain. For example, someone steals your identity and either sells your house without your knowledge or consent, or takes out a second mortgage on the property and walks away with the money.
• Clerical error: inconsistent paperwork and historical records. For example, an unforeseeable discrepancy in the property or fence line causes confusion in ownership rights.

You Can’t Beat the Value
Owner’s title insurance is a one-time fee that’s very low relative to the value it provides. It typically costs around 0.5% of the home’s purchase price.

Covers You
As long as you own your home, owner’s title insurance protects your property rights.

Nothing Compares
Homeowners insurance and warranties protect only the structure and belongings of your home. Getting owner’s title insurance ensures your family’s property rights stay protected.

8 in 10 Homebuyers Agree
Each year, more than 80% of America’s home buyers choose to get owner’s title insurance.

Peace of Mind
If you’re buying a home, owner’s title insurance lets you rest assured, knowing that you're protected from inheriting most existing debts or legal problems, once you've closed on your new home.