Owner’s title insurance provides the homeowner protection against claims and potential hazards. It protects the owner in real estate transactions by providing safety to the owner if issues come up. Owner’s title insurance can protect the owner against conflicting claims, complications, lawsuits, mistakes, forgery, or undisclosed information. It provides owners with peace of mind and assurance knowing a professional is looking out for your best interest and doing all the research necessary to ensure a smooth transaction.
How Long Does Owner’s Title Insurance Last?
Owner’s title insurance lasts as long as you still own the property, and lender’s title insurance lasts until the mortgage is fully paid off. Owner’s and lender’s title insurance can usually be purchased together from the same insurance title company for a discounted price. Owner’s title insurance is usually paid for by the property’s owner as a part of closing costs. After ownership of the property is taken, the title insurance company will assume the responsibility of resolving title issues in the future.
Title Insurance With Embassy Title Agency
If you are looking for owner’s title insurance in Dearborn, MI, Livonia, MI, Plymouth, MI, or the surrounding areas, Embassy Title Agency is the right choice for you. We have over 15 years of success in the Title Agency business and more than 100 years of combined experience. Our friendly staff is well equipped to help you with all your closing and title needs and provide customer satisfaction. We are passionate about giving back and are involved in our community and multiple charities. Contact us online or call us at (734) 293-2000 to learn more about our services.
