TITLE INSURANCE is an insurance policy indemnifying the insured (usually the lender) relating to the title to the land described in the policy, by protecting the insured against loss of damage by reason of defects, liens, or encumbrances.

The Policy is issued after a complete search and examination of the public records and shows the condition of the recorded title, including any money obligations outstanding against the property, easements and other matters which may affect the rights of ownership, possession and use of the property.

It insures that the "title", is good subject only to the exceptions expressly set out in the Policy. it also insures against certain matters which do not appear of record, such as forgery, identity of parties, incompetence of former owners, interest of missing heirs, and status of individuals not having the "right" to sell property.

All lenders usually require that the borrower pays for a title policy at closing insuring and indemnifying their interests. This policy does not protect the borrower(s) unless they purchase an Owner’s Title Policy from the closing attorney.

Usually, the cost for an owners policy is in the low hundred dollars range, the price being based on the amount of the mortgage. We recommend this one time expense, that will protect you forever against any title claims that may arise on your property.