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What Is Title Insurance | Is Title Insurance Worth It?
What is title insurance | Is title insurance worth it | Title insurance explained
How Title insurance works, it’s a form of indemnity insurance that protects the holder from financial loss sustained from defects in a title to a property. The most common type of title insurance is the lender’s title insurance, in which the borrower purchases coverage only to protect the lender. Owner’s title insurance is often paid for by the seller to protect the buyer’s equity in the property and is available separately.
KEY TAKEAWAYS ➡️ Title insurance is a form of indemnity insurance that protects the holder from financial loss sustained from defects in a title to a property.
➡️ The most common claims filed against a title are back taxes that had been missed by a title company, liens (from mortgage loans, home equity lines of credit, easements), and conflicting wills.
➡️ A one-time fee paid for title insurance covers pricey administrative fees.
?To Talk With Scott Carmouche ➡️ https://www.carmouchegroup.com/title-…
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Kristina Smallhorn, Your Real Estate Whisperer [email protected],[email protected] eXp Realty LLC,2900 Westfork Dr. Suite 401, Baton Rouge LA 70817 225-246-1812,Office (225) 412-9982 ext# 149 Kristina Smallhorn is a licensed REALTOR® with the state of Louisiana, License #0912122918
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