FAQ - Detailed Answer
What is Title Insurance?
Title insurance is protection against loss arising from problems connected to the title to your property.
Before a property is purchased, it has gone through many ownership changes. We think of all past owners as links in a chain - This is called the chain of title - a weak link in the chain could cause trouble.
For example, twenty years ago an owner died and left the property to his heirs. One of the heirs could not be found; but has now surfaced to claim the property. Title insurance covers the insured party for any claims and legal fees that arise out of such a problem.
Back to FAQ List . . .
Title insurance is protection against loss arising from problems connected to the title to your property.
Before a property is purchased, it has gone through many ownership changes. We think of all past owners as links in a chain - This is called the chain of title - a weak link in the chain could cause trouble.
For example, twenty years ago an owner died and left the property to his heirs. One of the heirs could not be found; but has now surfaced to claim the property. Title insurance covers the insured party for any claims and legal fees that arise out of such a problem.