Buying a home is, for many of us the biggest single investment we’ll ever make. Knowing this, most homeowners provide for the security and safekeeping of their homes by insuring them against hazards such as fire, theft and weather damage.
But there is another hazard that can pose an even greater risk to home ownership: Defects in the title to your property can cause you to lose part or all of the investment in your home. Fortunately, there is a way to protect your investment from these title defects. It comes in the form of title insurance.
What is title insurance and why do you need it? In the following pages, we’ve listed the answers to these and other commonly asked questions. We suggest that you read through this information carefully. It will help you to better understand the value of title insurance in protecting your home ownership, and the general real estate information will help make the home-buying process a smoother one.