Buying a home is one of the biggest investments most people\nwill make in their lifetimes. Protecting your home with title insurance is a\nsmall investment by comparison, but it can save you big in the long run. We insure\nour health, our lives, our cars, our homes, our businesses and our belongings. Most\ninsurance policies protect you from things that will happen in the future, but\ntitle insurance works differently. This insurance protects you from things that\nhappened under previous ownership of the property that don\u2019t come to light\nuntil you own the property. We will break down why we believe title insurance\nis always worth the cost, because like most insurances, when you need it you\nreally need it.<\/p>\n\n\n\n\n\n\n\n

Protect Yourself From a Financial Loss With Title Insurance  <\/h2>\n\n\n

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When you purchase your home, your title company will run a\ntitle search to check for any issues, but not all issues<\/a>\ncan be detected from this title search. Some common title issues that arise are\nliens, missing heirs or an undiscovered will, forged documents, easements,\nsurvey disputes, public record errors, bankruptcy or a break in the chain of\ntitle. After the home sale is complete, you are responsible for resolving any\nissues that arise from the previous owners. Even if the case is something you\ncan win in court, there will still be court costs associated with resolving the\ndiscrepancy. One court case alone, even a court case you win, will likely cost\nfar more than the cost of the insurance policy just in legal fees. <\/p>\n\n\n\n

Spend Minimally on Title Insurance to Protect\nMajorly<\/h2>\n\n\n\n

Prices can vary from location to location, but expect to\nspend between around $1,000 and $4,000 on insurance to protect your title.\nConsidering that you are purchasing a policy that will protect your property\nthat is likely hundreds of thousands of dollars, the relative cost is very low.\nSometimes you can even negotiate that the sellers purchase coverage for you as\npart of your contract to purchase the home. The premium is a one-time expense,\npaid in full at the time of closing, so you don\u2019t have to worry about one more\nmonthly expense or another debt you owe. <\/p>\n\n\n\n

Protect Yourself From Losing Your Property With\nTitle Insurance<\/h2>\n\n\n\n

If a major title defect arises after closing and shows\nsomeone else to be the owner of the property, you could risk losing your title\naltogether and losing the property. This can happen in the instance of forged\ndocuments, an inheritance that comes to light after closing or the home being\nsold at a tax sale without the previous owner\u2019s knowledge. <\/p>\n\n\n

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Title defects happen and if they do, don\u2019t allow it to be\none more financial stressor. When you have title insurance in place, you can\nsleep easy knowing you\u2019re protected from any potentially costly issues that may\narise after you go to closing on your new property. <\/p>\n\n\n\n

If you have questions about title insurance, reach out to us at 571-234-5589<\/a> or by email at info@ratifiedtitle.com<\/a>. We can\u2019t wait to hear from you!<\/p>\n","protected":false},"excerpt":{"rendered":"

Buying a home is one of the biggest investments most people will make in their lifetimes. Protecting your home with title insurance is a small …<\/p>\n","protected":false},"author":3,"featured_media":671,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-670","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ratified-title-group"],"yoast_head":"\n