Why Title Insurance is Right for You

When Americans embark on the journey of purchasing a home, they are not only investing in their future but also seeking to secure their present against unforeseen events.Title insurance is often procured for this purpose. However, it's equally crucial to safeguard against the shadows of the past. With each successive owner of a property comes the potential for title challenges, making title insurance an essential safeguard against past ownership circumstances.

Understanding Title Insurance

Title insurance is available in two primary forms: a loan policy protecting the lender's interest and an owner's policy safeguarding the owner's interest. While lenders customarily require a loan policy to safeguard their investment, it offers no protection to the property owner. However, buyers have the opportunity to purchase an owner's policy at closing, ensuring their interest in the property is safeguarded. In North Carolina, the additional cost of acquiring an owner's policy alongside a loan policy is nominal, making it a prudent investment for property buyers.

A Word About Real Estate

Real estate often represents a family's most valuable asset, protected by numerous laws aimed at safeguarding ownership rights. However, various parties may hold interests or liens against the property, including governmental bodies, lenders, judgment creditors, and others. These rights or claims remain attached to the property until extinguished, underscoring the importance of title insurance in protecting your investment.

What is Title Insurance?

Title insurance is unique in that it provides coverage for future claims or losses arising from title defects created by past events. Unlike traditional insurance, which typically covers future losses, title insurance protects against risks related to past ownership circumstances. It ensures that potential clouds on title are identified and corrected before you purchase the property, offering assurance and peace of mind regarding your ownership rights.

What to Look for in a Title Company?

When selecting a title company, it's essential to consider factors such as experience, reputation, and reliability. Look for a company with a proven track record of success in title operations, backed by knowledgeable professionals who can guide you through the complexities of title insurance. Longleaf is committed to providing superior service and protecting your investment with integrity and expertise.

The Past Can Determine Your Future

Title insurance protects against unforeseen defects in title that may threaten your ownership of real estate. By conducting a thorough title search and addressing any issues before closing, title insurance ensures that you're protected against potential claims or disputes arising from past events. This proactive approach safeguards your investment and provides assurance that your ownership rights are secure.

Will You Get Clear Title?

Title insurance ensures that you will receive clear title to the property you're purchasing, free from any encumbrances or defects that could affect your ownership rights.

How Do You Find Out What Claims Exist?

Through a comprehensive title search, conducted by experienced professionals, any existing claims or defects in title are identified and addressed before closing.

What About Undiscovered Claims?

Title insurance protects against undiscovered claims that may arise in the future, providing coverage and reimbursement as outlined in your policy.

How Does a Title Insurance Policy Protect Against All These Claims?

A title insurance policy offers comprehensive protection against a wide range of title defects and encumbrances, ensuring that your ownership rights are safeguarded for the duration of your ownership.

Title Insurance Protects Your Asset

Title insurance provides assurance that any potential title defects discovered during the title search process will be addressed before closing. Additionally, it offers protection against undiscovered claims that may arise in the future, ensuring that your investment is secure and your ownership rights are protected.

Only One Premium

Unlike other forms of insurance, title insurance requires only one premium payment, with no annual fees to keep your policy in force. This provides long-term protection for you and your heirs, ensuring that your investment remains safeguarded for generations to come.

Rely On Longleaf Title - North Carolina To Protect Your Investment

Whether you're purchasing your first home or adding to your real estate portfolio, ensure that your investment is protected with a title insurance policy from Longleaf Title. Our experienced professionals are dedicated to providing exceptional service and ensuring that your ownership rights are safeguarded against unforeseen risks. Ask your realtor or closing attorney to protect you and your property with a title insurance policy from Longleaf Title, and embark on your real estate journey with confidence and peace of mind.