About Title Companies

Title companies provide services to real estate broker/agents, for sale by owners, buyers, sellers, real estate developers, builders, investors, mortgage lenders/brokers and others who have an interest in the real estate transfer. Title companies make sure that the transfer of title takes place efficiently and that your interests as a home buyer are protected under the terms and conditions of the policy.

Title insurance is different from many other types of insurances (casualty, auto, etc.). These other types of insurances assume risks by providing financial protection for losses arising from an unforeseen future event such as a fire, theft, or accident. In (or with) title insurance, risks are examined and mitigated before the property changes hands.

What is Title Insurance?

Title insurance is an agreement to indemnify against damage or loss from a defect in title as evidenced by a policy of title insurance to a specific parcel or real property. Following a search and examination of public records and in exchange for a premium paid, title insurance companies will assume the risk that title to a parcel of real property is as stated to be in the policy of title insurance.

Types of Title Insurance (Policies)

Owner's Policy

Insures an owner of any type of real property against loss by reason of those matters covered under the policy of insurance for as long as they own the property. There are several versions of each policy. Consult with your Real Estate Professional to determine which policy is best for you.

Lender's Policy

Insures the priority of the lender’s security interest over claims that others may have in the property.