WHAT IS TITLE INSURANCE?
Title Insurance ensures that if any covered problems arise that cause an issue or cloud your title then your title insurance company will step in and defend your ownership.
DO I NEED TITLE INSURANCE?
Absolutely! If you are getting a mortgage your lender will require you to get a policy to cover their investment in that property. It is highly recommended to get a policy to cover your ownership as well.
DO I HAVE TO KEEP PAYING FOR TITLE INSURANCE
Title insurance policy amounts are regulated and paid as a one-time fee at closing. If you refinance your home this is a time when your lender will require you to get a new policy.
WHAT TYPE OF TITLE POLICY SHOULD I BUY?
There are two basic types of policies. A “loan policy” that covers the amount your lender has invested in your mortgage and an “owner’s policy” that covers you the buyer.
WHAT HAPPENS IF I NEED TO MAKE A CLAIM ON MY POLICY?
If a circumstance arises where someone is challenging your right of ownership in the property your title insurance company will defend you and your ownership.
Get in Touch
If you would like to find out more about how Longleaf title insurance can help you, please contact us.
