Home title insurance protects owners and lenders from property loss or damage. It can protect you if someone sues you and says they have a claim on the home before you purchased it. Home title insurance provides legal and financial protection if problems arise. It can help facilitate smoother real estate transactions by assuring all parties involved that the title is clear and all potential issues are addressed.
What Are the Types of Home Title Insurance?
Home title insurance, such as owner’s and lender’s policies, protects policy owners against past losses and problems. Lender policy insurance can protect against potential losses if the seller is not able to transfer title rights, and owner title insurance can defend against hidden title issues to decrease risks from conflicting ownership claims, outstanding lawsuits, flawed public records, and fraud.
Why is Home Title Insurance Important?
Home title insurance is a standard part of the home closing process and is essential for ensuring a secure investment by the purchasers and lenders. It gives people peace of mind by protecting what is likely their largest and most valuable investment. Home title insurance protects homebuyers and mortgage lenders from issues or defects in the title and prevents losses during the buying or selling of a property.
Home Title Insurance at Embassy Title Agency
If you need home title insurance in Canton, MI, Dearborn, MI, Livonia, MI, or the surrounding areas, Embassy Title Agency can help you. Our team has over 100 years of combined experience and is ready to handle your residential and commercial title insurance and assistance needs. Whether commercial or residential, we always ensure a smooth transaction with trouble-free closing for our customers. Contact us online or call (734) 293-2000 to learn more about our services or team.