Starting the Year Right: Purchasing Title Insurance
Here at Premier Title, we are starting the year smart by talking about how you can protect your investments! Considering that a home is probably one of the largest investments you’ll make in your lifetime, we highly recommend you protect it. One of the best ways you could protect your financial future, and that of your family, is through purchasing title insurance for your home.
Title insurance is a type of indemnity insurance that serves to protect you from financial losses that may result from defects in the title to the property you purchase. A title insurance policy will help pay for legal fees in defense of claims against property covered under the policy you purchase. Without title insurance, you are at risk to any liens, encumbrances, and defects affecting the title to your new property. You are also vulnerable to inheriting any existing debts and other legal problems that may be tied to the property.
Fortunately, these risks can be mitigated or avoided all together with the purchase of title insurance. You only pay for title insurance once at the close of escrow and it requires no further fees to be paid for as long as you own the property. In addition to it only being a one-time fee, it’s also relatively low in cost in comparison to the value it provides for you. Typically, owner’s title insurance only costs about 0.5% of your home’s purchase price. With an owner’s title insurance policy, you can protect yourself from unforeseen legal, financial title discrepancies and enjoy your new home!
For more information on title insurance and all of our services please contact us. We’re ready to protect your property and show you the Premier difference!