Assistance With Your Title Insurance Needs

At Raber Law Offices, PLLC, we are able to assist real estate owners, buyers, and lenders with their title insurance needs. We often get clients with questions about title insurance. Here are some of the answers if you are seeking some additional information about title defect protection.

What is title insurance?

A title insurance policy protects real estate owners and lenders against property loss or damage in the event of liens, encumbrances or defects in the title to the property. A title insurance policy insures against events that occurred in the past of the real estate property and the people who owned it. Unlike car, life, health or other types of insurance with a monthly or annual premium, title insurance has a one-time premium paid at the time of closing.

Why title insurance?

Title insurance benefits the buyer, seller and lender of a real estate property. It insures against a variety of possible title defects, including but not limited to: other parties claiming ownership interest, improperly recorded documents, fraud, forgery, liens, encroachments, and easements.

What are the policy types?

There are two types of policies for title insurance:

  • Owner’s policy- This type of policy insures the owner/ buyer of the property.
  • Lender’s policy- This type of policy insures the priority of the lender’s security interest.

Our lawyers and staff can assist clients with either type of title insurance policy.