How Is A Title Insurance Policy Different From Other Types Of Insurance?

Before any property is transferred from the seller to the buyer, a title search must be conducted. A title search includes the following:

  • A real estate attorney researches the land records in the county court house
  • A real estate attorney documents the chain of ownership of the property

A title search helps identify all owners, outstanding liens, encumbrances, encroachments, rights of way, easements, etc. associated with the property. Title searches are designed to eliminate most of the risk of the transaction…most of the risk, but not all of it.

This is where Owner’s Title Insurance comes into play.

Something could be missed or overlooked during the title search, which could result in a claim being presented at a later date.

So how is Title Insurance different from other Insurance Policies?

Unlike other insurance policies, title insurance protects you against events that occurred before the policy was purchased as long as the title defect was not discovered at the time of the title search.

We at Colony Title want to be your Title Company and real estate law firm. For additional information, please contact Tee Tillman at 410.884.1160 ext. 3007 or visit today!

About Colony Title Associates:

Founded in 1995, Colony Title Group handles in excess of 2000 real estate closings per year in the central Maryland area. The founder Tee Tillman has over 23 years experience in the title and real estate law fields. Colony handles closings for several lenders, including banks, credit unions and mortgage brokers. Colony is the preferred choice for many real estate brokers in the area.

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