Colony Title Associates

Maryland Title Insurance Agents | Title Insurance vs. Other Types of Insurance

What is Title Insurance?

We’ve said it before: title insurance covers property buyers from outstanding liens, encumbrances, encroachments, rights of way, easements, and other issues left unresolved by previous owners.

An attorney or qualified title agent will perform a search of all the land records associated with the home being purchased in order to make the buyer aware of these problems before they settle on a house. Generally, these issues are resolved, and title insurance is purchased as a precaution in the event that any defects with the title were overlooked. This prevents any claims from being made against the new owner and property in the future.

This concept might sound antithetical to how most insurance works, and it is: whereas title insurance protects you against events that happened before the policy was even purchased, all other forms of insurance operate differently. That is, property, casualty, life, and health insurance plans all safeguard against events that occur after the time of purchase. Consider title insurance a preemptive measure against the past!

The Maryland title insurance agents and attorneys at Colony Title Group have been handling real estate closings for nearly two decades – we are fully equipped to conduct your title search and issue insurance for realtors, lenders, builders, and consumers.

If you have questions, the Maryland real estate insurance experts at Colony Title Associates can be reached by calling 410-884-1160 or visit today!

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A Consumer Guide to Title Insurance