Title Insurance
Title Insurance differs significantly from other forms of insurance. Most other insurance protects you from unforeseen events like accidents or death. The purpose of title insurance is to eliminate risks and prevent losses caused by defects in the title arising out of events that have occurred in the past.
Why you need title insurance
When you buy a home you want to be certain it's safely yours. But even the most meticulous title search could fail to disclose a number of title defects, such as:
- Forgery of deeds, releases and other documentation
- Deeds by minors or persons of unsound mind
- Invalid documents executed under expired power of attorney
- Invalid deeds delivered after death of grantor
- Homestead rights of a spouse not included on the deed
- Unrecorded easements
- Undisclosed or missing heirs, or heirs born after the date of a will
- Title obtained under improperly probated will
- False impersonation
- Incorrect legal property descriptions
- Human errors at Registry of Deeds
- Missing or improperly indexed liens and discharges
These are just a few of the problems that can surface. Without an Owner's Title Insurance policy protecting you, your home equity could be at risk. Heritage Title can provide you with appropriate title insurance protection at the time of closing. Contact us today to find out how Heritage Title can assist you.
