Protect Your Property Rights With Title Insurance


Find out how to protect your property rights with title insurance!

There is nothing worse than thinking you own a property that you, in reality, don’t. In fact, when it comes to buying a home, make sure you purchase an owner’s title insurance policy. This will help protect your property rights. With just a simple one-time fee an owner’s policy can ultimately protect your important property rights for as long as you actually own your property.

How An Owner’s Policy Can Help Protect Your Property Rights

For new homeowners, focusing on buying new furniture is always on top of mind. In fact, there is nothing worse than being bombarded by a previous owner’s issues like a bill that was left behind. Lenders typically require a title insurance policy to protect their investment. And you should also have a policy that helps protect your personal investment as well. For a one-time fee that gets paid at closing, an owner’s title insurance policy protects your property rights until you no longer own your property. As mentioned, there are two different types of title insurance policies- a lender’s policy and an owner’s policy. A lender’s policy will always protect the lender. But an owner’s policy will protect you- the owner.

Different Parts Of A Title Insurance Policy

The owner’s policy has five different sections: covered risks, the exclusions from coverage, schedule A, schedule B, and the conditions. It’s crucial to understand the various components so you know what is protected and what isn’t.

Cost Of Title Insurance

So who ultimately pays for title insurance? When it comes to title insurance, basic and traditional practices vary due to differences in state laws and local real estate customs. In fact, who pays for the owner’s policy varies from state to state.


A Title Company You Can Trust: Colony Title

At Colony Title, we will help you through the process of getting your property’s title and help you avoid the pitfalls of hidden costs while you buy your home. We are also well trained in identifying any and all errors in public records and helping you resolve them. We specialize in real estate title insurance in both Maryland and Washington, D.C., and we will perform an expert title search, check through all past documentation, and examine records for any fraud or forgery. For more information on how we can get you into the home of your dreams, contact us online or give us a call at (410) 884-1160. To get more updates on housing markets and how to get into your home, follow us on Facebook, Twitter, LinkedIn, and Google+

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