Category: Title Insurance

If you are buying real estate with a loan, your lender will likely require you to purchase lender’s title insurance. However, if you are buying with cash, then title insurance is optional. There are two types of title insurance policies: Lender’s policy – Protects the lender from past title defects until the loan is paid…

Title insurance is different from traditional insurance. Traditional insurance (e.g., health insurance, car insurance, and homeowner’s insurance) protects against claims for future events, whereas title insurance protects against claims for past events. After buying your home, if you purchased title insurance at your closing, it will protect you from financial loss resulting from certain past…