Title Insurance
In addition to our real estate services, we also offer title insurance binders and policies. Title insurance is a critical component of the real estate transaction process, protecting buyers and lenders. It is an investment in peace of mind for one of the most significant purchases you will make in your lifetime.
Global Title Insurance Agency, Inc.
Our title insurance company, Global Title Insurance Agency, Inc., is here to protect your real estate investments against financial loss due to defects in the title, such as outstanding liens or mortgages, fraud, unknown heirs or claims, and errors in public records.
First American Title
First American Title provides services across the United States, ensuring consistent quality and reliability.
Unlike other types of insurance that require ongoing payments, it is a one-time payment premium paid at closing and remains in effect as long as you own your property.
The Advantages of Purchasing Title Insurance: Safeguarding Your Property Investment
When purchasing real estate, many buyers focus on securing a mortgage, negotiating a fair price, and ensuring the property is in good condition. However, one critical safeguard that often goes overlooked is title insurance—a policy designed to protect property owners and lenders from potential legal and financial issues related to the property’s title. While it may seem like an optional expense, title insurance is a powerful tool that offers long-term security. Here’s why purchasing title insurance is a wise decision for real estate investors and homeowners alike.
Protection Against Hidden Title Defects
Even with thorough title searches, issues can lurk beneath the surface. Title defects may include:
- Clerical errors in public records
- Unknown liens from previous owners
- Forged documents or fraud
- Boundary disputes or unresolved easements
- Undisclosed heirs claiming ownership
Without title insurance, a buyer could face costly legal battles to defend their ownership rights. Title insurance ensures that if a problem arises, the policyholder receives protection against financial losses.
Coverage for Legal Expenses
If a title defect leads to a lawsuit, defending property rights can become expensive. Title insurance policies cover legal fees associated with disputes, giving homeowners peace of mind knowing that their investment is protected from unexpected claims.
Safeguarding Property Value
A clear and marketable title is essential for maintaining a property’s value. Without proper title insurance, title defects could cause financial hardship when attempting to refinance or sell the property. Buyers may hesitate to move forward if concerns about ownership arise, ultimately reducing marketability.
One-Time Payment, Lifetime Protection
Unlike traditional insurance policies, title insurance does not require monthly premiums. Instead, it is a one-time payment made at closing, granting lifetime coverage for as long as the property owner holds title. This makes it a cost-effective way to ensure long-term security.
Lender Protection vs. Owner Protection
Many lenders require title insurance as part of the mortgage process, but this policy only protects the lender—not the buyer. For complete security, homeowners should opt for owner’s title insurance, which provides direct protection against ownership challenges and title disputes.
A Small Investment for Major Protection
Purchasing a home or investment property is a significant financial commitment, and ensuring a clear, undisputed title is crucial to long-term ownership success. Title insurance offers a simple yet powerful safeguard against unforeseen legal and financial issues. With a one-time fee, buyers can avoid costly disputes and ensure their property remains legally secure.
If you’re involved in real estate transactions, consider title insurance an essential step in protecting your investment.
| TYPE | COVERAGE | DURATION | PREMIUM |
| Owner’s Title Insurance Policy | Protects Buyers From Financial Loss Due to Title Defects | As Long as Owners/Heirs Have Interest in Property | One-time Premium for Full Property Value |
| Lender’s Title Insurance Policy | Protects Lender From Financial Loss Due to Title Defects | Until Mortgage is Paid in Full | One-time Premium/Coverage Amount Decreases Over Time |
