When you’re purchasing a home, protecting your investment is essential. Title insurance is one of the smartest ways to safeguard your ownership and avoid costly legal issues in the future. Here’s what every buyer should know about the value of title insurance.

1. Protection from Claims

Title insurance protects the interests of property owners and lenders against legitimate or false title claims by owners or lien holders. It ensures the title to the investment is clear, unlocking its potential as a financial asset for the owner.

2. Expert Title Handling

A qualified professional will access, assemble, analyze, and distribute title information, in addition to handling escrow and closing.

3. Defect Detection Early

Title problems are discovered in more than one-third of residential real estate transactions. These “defects” must be resolved before closing. The most common issues are existing liens, unpaid mortgages, and recording errors of names, addresses or legal descriptions.

4. Long-Term Coverage

An owner’s title insurance policy protects the owner for as long as he or she has an interest in the property, and the premium is paid only once, at closing.

5. Unique Insurance Type

Title insurance is different from other forms of insurance because it insures against events that occurred before the policy is issued, as opposed to protecting against events in the future, like health, property or life insurance do. Title insurance is a loss prevention insurance.

6. Risk Reduction Search

The thorough search of existing records to identify all possible defects to resolve them before issuing a policy minimizes claims and enhances your level of protection.

7. Labor-Intensive Process

Researching titles is extremely labor-intensive since only a limited percentage of public records are computerized or even centralized in one location. The industry invests a substantial amount of time and expense in collecting and evaluating title records. As a result, the industry’s claims experience is low compared to other lines of insurance.

8. High Value Investment

Dollar for dollar, title insurance is the best investment you can make to protect your interest in one of the most valuable assets you own: your home.

9. Choose a Trusted Partner: Everest Title

To get the best product, choose a Fidelity National Title Authorized Agent like Everest Title for all your title and escrow needs. You will have absolute security and peace of mind knowing that the leader in the title insurance backs your policy. Use us on your next transaction and you’ll see why we are worth the money.