Title Insurance in Baltimore: What are the Benefits?

title insurance

Title insurance is a terrific investment for the new and old homeowner. When you buy a home, you expect to enjoy certain benefits from ownership, such as occupying and using the property as you wish. Owning title insurance means you are protected from any potential claims on your property from someone other than you. While your title company may have done a thorough title search prior to settlement, there are sometimes issues that slip through the cracks. Titles may be filed erroneously or recorded incorrectly due to human error. It may also be a result of fraud by a previous owner that was never discovered.

Should someone try to make a claim on your property, it can mean a long, lengthy, and expensive legal process to try to keep your home. Some homeowners who are subjected to this process have loss their homes along the way. To keep that from happening to you, consider investing in title insurance in Baltimore.

The cost of title insurance varies depending on the value of your property. However, a great benefit to title insurance is that you pay once and only once. You are covered as long as you own the property. You can also transfer the warranties of title to someone who buys your property, continuing the title insurance coverage. The benefit of having peace of mind should someone make a claim on your property is doubled when you consider it is a one-time payment. Remember, title insurance includes coverage for legal expenses, which can include investigations, litigations, or settlements on an adverse claim. Save your money for a rainy day and let Colony Title Associates help with your title insurance needs in Baltimore – give us a call today at 410-884-1160 or visit ColonyTitle.com. 

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 Baltimore area. If you have any questions concerning title insurance benefits in Baltimore, feel free to contact us at 410-884-1160 or visit ColonyTitle.com today!

Sources:

http://colonytitle.com/blog/category/baltimore-title-insurance/http://www.firstam.com/title/resources/reference-information/title-insurance-reference-articles/q-a-about-title-insurance.html

 

Tags: ,

Leave a Reply