Title Insurance

Title insurance is a contract under which a title insurer indemnifies a property owner, lender or borrower against actual loss or damage sustained from covered title defects, fraud and forgery. It is not a guarantee of title but rather compensates an insured if title is not as set out in the policy.

While not all lenders require you to take out title insurance, today most do and besides it’s a very good practice. It’s possible to lose your home due to title and survey defects and you could also be the victim of fraud or forgery. Title insurance protects you against this.

Title insurance is generally around $300 but additional premiums may apply to properties valued in excess of $1 million.



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