Title insurance, by definition, is a type of insurance policy that guarantees the property title does not have any hidden liens, claims or other problems associated with the property. The title insurance company’s role is to examine public records on a specific property to ensure there are no problems in the title’s ownership and/or history. Whether you are a first-time home buyer, or have lived in your home for several years, title insurance is protection against unforeseen problems associated with your home either in the past or future. What does a title insurance company search for specifically? Title insurance companies have access to public records, which means they can easily check mortgages, wills, deeds, divorce decrees, tax records, claims, or court judgments on your property. Imagine, if you will, that you have purchased a new home only to find out later on that you have been the victim of identity theft by someone who has falsified ownership to your home. By investing in title insurance, you will be insured for all legal fees and claims against your property. What should you look for when purchasing title insurance? First, contact as many title insurance companies as you can to receive a quote so that you can compare each one to determine who is offering the best deal. Check to ascertain if the home you are buying was turned over in the last five years as this may warrant a discount on the insurance. If this is your first home, you may also qualify for a discount. Therefore, before purchasing any title insurance check online and make some phone calls to determine who is offering the best package to meet your needs.

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