Purchasing a house is a momentous occasion and likely one of the biggest purchases you’ll ever make. Such an investment requires proper protection, especially considering it’s the very place you and your family call home. One way to protect your property with title insurance. Here are seven reasons why title insurance is vital for homeowners’ financial security.
WHAT IS TITLE INSURANCE?
First, let’s review what title insurance does. A title is the evidence of ownership and possession of property, which stands against the right of anyone else to claim it. Title insurance is a means of protection against financial loss, should any title defects or third-party claims arise from your title.
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