Buying a home is an exciting and emotional time for most. To help you buy your home with more confidence, you’ll want to get owner’s title insurance. Why? Let’s review the most crucial reasons:
I. Protects Your Largest Investment
A home is probably the single largest investment you will make in your lifetime. You insure everything else that’s valuable to you (your life, your car, health, pets, etc.) so why not your largest investment? For a one-time fee, owner’s title insurance will protect your property rights for as long as you own your home.
2. Reduces Your Risk
If you’re buying a home, there are many hidden issues that may pop up after you will have purchased your home. Getting an owner’s title insurance policy is the single most effective way to protect yourself from unforeseen legal and financial title discrepancies.
Unexpected title claims MAY include:
- Pending legal action against the property that could affect your home ownership
- Outstanding mortgages and judgments, or a lien against the property because the home seller has not paid their taxes
- An unknown heir of a previous owner who is claiming ownership of the property
3. Covers YouR PROPERTY RIGHTS
As long as you own your home, owner’s title insurance will protect your property rights.
4. UNBEATABLE VALUE
Owner’s title insurance is a one-time fee that’s significantly low relative to the value it provides. The fee typically runs around only 0.5% of the home’s purchase price!
5. No COMPARISON
Homeowners insurance and warranties protect only the structure and belongings of your home. Owner’s title insurance ensures your family’s property rights remain protected.
6. 8 in 10 Home buyers LISTEN
Each year, more than 80% of America’s home buyers choose to purchase owner’s title insurance.
7. Peace of Mind
If you’re buying a home, owner’s title insurance lets you sleep tight, knowing that you’re protected from inheriting the vast majority of existing debts and any legal problems, once you’ve closed on your new home.