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7 Reasons Every Homebuyer Needs Title Insurance  - blog post image

7 Reasons Every Homebuyer Needs Title Insurance

Buying a home is an exciting and emotional time for many people. To help you buy your home with more confidence, make sure you get Owners Title Insurance to protect you from any risk.

 

Here's why Owners Title Insurance is so important for you: 

1. Protects Your Largest Investment 

 

A home is probably the single
largest investment you will
make in your life. You insure
everything else that’s valuable
to you—your life, car, health,
pets, etc., so why not your
largest investment? For a one-
time fee, owner’s title insurance
protects your property rights
for as long as you or your heirs
own your home.

2. Reduces your Risk

 

If you’re buying a home, there
are many hidden issues that
may pop up only after you
purchase your home. Getting
an owner’s title insurance policy
is the best way to protect
yourself from unforeseen legal
and financial title discrepancies.
Don’t think it will happen to
you? Think again.
 
Unexpected title claims include:
• outstanding mortgages and
judgments, or a lien against
the property because the
seller has not paid his taxes
• pending legal action against
the property that could
affect you
• an unknown heir of a previous
owner who is claiming
ownership of the property
 

 

3. You can't Beat the Value

 

Owner’s title insurance is a
one-time fee that’s very low
relative to the value it provides.
It typically costs around 0.5% of
the home’s purchase price.

 

 

4. Covers your Heirs

 

As long as you or your heirs
own your home, owner’s
title insurance protects your
property rights.

 

5. Nothing Compares

 

Homeowners insurance and
warranties protect only the
structure and belongings of
your home. Getting owner’s title
insurance ensures your family’s
property rights stay protected.

 

6. 8 in 10 Homebuyers Agree 

 

Each year, more than 80% of
America’s homebuyers choose
to get owner’s title insurance.

 

7. Peace of Mind

 

If you’re buying a home, owner’s
title insurance lets you rest
assured, knowing that you’re
protected from inheriting any
existing debts or legal problems,
once you’ve closed on your
new home.
 

 

Interested in purchasing Owners Title Insurance today? For more information, contact Bankers Title & Bankers Closing Services or Order Title today! 

 

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All information from the American Land Title Company, ALTA. 

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