Owner’s title insurance can protect the homeowner’s financial interests and save them from previous owners’ failures to pay taxes or contractors. The owner’s policy provides a clear title when they purchase the home. It protects them from past undiscovered events when the property was purchased. Owner’s title insurance can cover the homeowner if someone sues and thinks they have a claim against the home. It will protect homeowners from the costs associated with correcting defects.
Is Owner’s Title Insurance Worth it?
Although owner’s title insurance is usually optional, it can protect from any claims that may arise and peace of mind for the homeowner. It can save homeowners from losses that could occur from title defects. Owner’s title insurance will ensure the title is clear, and there is no question about who has legal ownership. It is a one-time premium and a relatively low cost compared to the overall cost of purchasing a home and the potential amount it could save them in the long run.
Owner’s Title Insurance With Embassy Title Agency
If you are interested in owner’s title insurance in Dearborn, MI, Livonia, MI, Plymouth, MI, or the surrounding areas, Embassy Title Agency is well-equipped to help you. We provide title insurance and assistance for commercial and residential properties, specifically dealing with Real Estate agencies. Our team has over 15 years of success in the Title Agency business and over 100 years of combined experience. Contact us online or call us at (734) 293-2000 to learn more about our services and team.