What is Title Insurance?

Owners Policy of title insurance is a contract that protects you against loss or damage due to title defects. The contract serves as a written guarantee that your underwriter will undertake, at its own expense, the defense of your title in all legal actions or proceedings alleging the title to be other than as insured.

How Do You Obtain a Loan Policy of Title Insurance?

A Loan Policy of title insurance is obtained when the property you purchase is pledged as a security for the loan. The lender requires an assurance that the title to the property is clear. However, without Owners Policy of title insurance the buyer is unprotected.

What Risks are a Buyer Protected From?

Forgery and fraud Erroneous or inadequate legal descriptions Lack of right of access Undisclosed or missing heirs Mistakes in recording legal documents

Do You Have Any Other Questions in Mind?

If you still feel you need a further explanation, or you have any specific question in mind, feel free to contact North Star Title Insurance Agency today!

FAQs

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Have industry related questions? We have the answers. Check out these FAQs and give North Star Title Insurance Agency a call today for more information!

What is Title Insurance?
Owners Policy of title insurance is a contract that protects you against loss or damage due to title defects. The contract serves as a written guarantee that your underwriter will undertake, at its own expense, the defense of your title in all legal actions or proceedings alleging the title to be other than as insured.
How Do You Obtain a Loan Policy of Title Insurance?
A Loan Policy of title insurance is obtained when the property you purchase is pledged as a security for the loan. The lender requires an assurance that the title to the property is clear. However, without Owners Policy of title insurance the buyer is unprotected.
What Risks are a Buyer Protected From?
Forgery and fraud
Erroneous or inadequate legal descriptions
Lack of right of access
Undisclosed or missing heirs
Mistakes in recording legal documents
Do You Have Any Other Questions in Mind?
If you still feel you need a further explanation, or you have any specific question in mind, feel free to contact North Star Title Insurance Agency today!