Back to Basics: What is title insurance?

Title insurance is exactly what it sounds like – insurance. It gives you protections against any liens or issues going on with your property that you may be unaware of at purchase. When purchasing a home, it’s good to get a title search, but mistakes do happen and you want to have the best protection possible.

Although the lender may have a title insurance policy on the land through your mortgage, you always want to have your own policy in place for extra protection. It’s not something you should ponder, it’s something you definitely need. It’s better to be safe than sorry. You never know what could happen years down the line, even with the proper due diligence. You don’t want to get in a situation where your property is in jeopardy. Companies like North American Title Company specialize in researching titles prior to a closing to make sure the land is free from liens and problems.

For more information, you should consult with professionals like North American Advantage Insurance Services who can answer any additional questions you may have. Remember, the best protection is being proactive. Take some time and research your options today.