Protect Title License For Free

Title insurance is a policy meant to protect home buyers and mortgage lenders from damages or financial losses caused by a bad title due to title defects. Most title insurance policies cover all the common claims filed against a title, including outstanding liens, back taxes and conflicting wills.

Lender's title insurance is usually required to get a mortgage loan. Lender's title insurance protects your lender against problems with the title to your property?for example, if someone sues to say they have a claim against the home. Lender's title insurance does not protect your investment in the home (your equity).

Lender's Policy. If you've ever mortgaged a home, chances are you were required to purchase a title insurance policy. ... Owner's Policy. However, as a buyer, you also want to protect your investment -- and the ownership rights that come with it. ... Customs. ... Refinance Transactions.

There are two types of title insurance: lender's title insurance and owner's title insurance (including extended policies).

Two types of title insurance policies for real property are the most common ? a lender's policy and an owner's policy.

Title insurance is a type of indemnity insurance policy that protects the holder against losses from issues around a property's ownership?its title. Title insurance is available for residential and commercial property owners (owner policies), as well as for lenders (loan policies).

Make Sure You Have Title Insurance It protects against any claims or liens made against the property. There are two types of title insurance: lender's and owner's. Lender's title insurance is required by your mortgage company and assures them the title is cleared for sale.