Title & Title Insurance
Title is the right to own, use, control, possess or dispose of a real estate property. Title insurance protects real estate buyers and/or lenders against title defects and unexpected claims against the property that could invalidate the transaction of purchase and cause losses.
Types of Title Insurance
There are two primary types of title insurance—an owner’s policy and a lender’s policy. An owner’s policy insures you as the property owner against specific kinds of claims made against your ownership of the property, per the policy. A lender’s policy insures the lender’s interest in the title to your home. Your lender may require its own title insurance as a condition of your mortgage loan.
How It Works
Unlike other types of insurance, title insurance requires only one premium payment at the time of purchase, and it covers the buyer for the life of the buyer and the buyer’s heirs. Title insurance helps fight for legal protection of the title of the property against claims as outlined in the policy.
Examples of Title Defects
Some examples of title defects include outstanding and unpaid property taxes by the previous owner, fraud or forgery in a deed, unknown heirs or spousal issues.
Avoiding Title Defects
It all starts by having a qualified title company perform a thorough title examination. From there, a title insurance commitment is placed with a carrier.
The Solution
At Daniel M. Keil, P.A., we are experienced title agents partnered with the most reputable title insurance underwriters in the nation, including—Old Republic National Title, Attorneys’ Title Insurance Fund, and WFG National Title Insurance Company.
We’ll provide the highest level of service possible to protect your interests and ensure you have proper title insurance coverage.
Protect yourself from potential financial losses and delays, with title insurance provided by Daniel M. Keil, P.A. Let our industry knowledge and experience work on your behalf.