Buying a home is a milestone in life and a major investment. When you reach that milestone, you want to be sure your home is truly yours without any surprise claims or legal headaches down the road. That’s exactly why title insurance exists; it shields both you as the buyer and your mortgage lender from ownership problems that might pop up after you’ve signed the paperwork. What sets title insurance apart from typical insurance policies is that it doesn’t protect you from things that might happen in the future; it protects you against problems from the past that could threaten your ownership rights.

Why Every Homebuyer Should Get Title Insurance

Without title insurance, you’re at risk for a variety of financial and legal struggles. Here are just a few of the more common issues that can crop up:

• Unpaid debts on the property: If the previous owner left behind tax bills or contractor debts, those financial obligations could become your problem.
• People claiming your property: Ownership disputes: Unknown heirs or past owners could claim rights to the property, even after you’ve moved in.
• Forgery or fraud: Fraudulent documents or forged signatures in the title history could put your ownership at risk.
• Mistakes in the paperwork: Simple filing errors at the county office can create complicated legal messes for you later.

With title insurance, you don’t have to face these headaches by yourself, should they arise in the future.

Two Kinds of Title Insurance You Should Know About

You’ll come across two main types of title insurance policies when you’re buying a home:

• Owner’s title insurance: This protects you as the homeowner. If someone challenges your right to the property, this policy covers your legal costs and shields your investment.
• Lender’s title insurance: Your mortgage company will insist on this one. It safeguards their loan amount if title problems surface but offers no protection for you personally.

While you’ll have to get the lender’s policy if you’re taking out a mortgage, the owner’s policy isn’t required by law. Most real estate pros strongly suggest getting both to fully protect yourself and your new home investment.

How Title Insurance Has Your Back

When you’ve got title insurance, and a covered problem arises, you won’t be left footing the bill for court cases or surprise debts. Your policy steps in to:

• Handle your legal expenses if someone tries to claim your property.
• Take care of financial hits from old liens or ownership disputes that weren’t caught earlier.
• Let you sleep better at night, knowing your home investment has solid legal protection.

Keep Your Home Investment Safe with Network Title, Inc.

For most people, buying a house is the biggest purchase they’ll ever make. Title insurance ensures nobody can take that away from you because of paperwork problems from the past. Here at Network Title, Inc., we focus on delivering complete title protection that shields you from legal surprises that could threaten your new home. Contact us today to learn how we protect your property rights and help you safeguard your most important investment.