How Do I Know If I Have Title Insurance?

how do i know that i have title insurance?

Wondering whether you have title insurance? Don’t wait too long to find out if you do!

When you purchase a home, there is an overwhelming amount of paperwork to sort through and documents to sign. It can be challenging to track what every new piece of paperwork signifies, but one task that should be a top priority for a new homeowner is making sure they have the proper insurance. Besides homeowners insurance, title insurance is one of the essential types of coverage a homeowner can have. But do you know if you have title insurance? If you are not sure, read on to learn how to find out. 

What Exactly Is Title Insurance? 

Title insurance, like any other insurance, exists as a safety net. In the case of title insurance, the safety net is for your ownership of your home. Title insurance helps protect you in case any claims against your property or your title should arise. This insurance will help you defend your case. The homeowner buys title insurance for their protection and lender’s title insurance for their lender’s protection. 

How Do I Get Title Insurance? 

When purchasing your new home, a professional title company like Colony Title Associates will search public records to guarantee that it does not impede your taking ownership of the title and the property. Once that search is completed, and any issues are cleared, you are free to hold the title to your property. Title insurance is then added to your total home purchase. You only pay for title insurance once; it is valid for as long as you own your home. 

How Can I Check That I Have Title Insurance? 

Keeping track of your documents is essential and recommended. However, you can also contact a Colony Title Associates professional to ensure that you have title insurance for your home. You will not want to wait until it’s too late to discover whether you have title insurance or not. 

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, and LinkedIn.

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