Protecting your Home Investment
A home is usually the largest single
investment any of us will ever make. When you purchase a home, you will purchase
several types of insurance coverage to protect your home and personal property.
Homeowner's insurance protects against loss from fire, theft, or wind damage.
Flood insurance protects against rising water. And a unique coverage known as
title insurance protects against hidden title hazards that may threaten your
financial investment in your home.
Protecting Your Largest Single Investment
Title insurance is not as well
understood as other types of home insurance, but it is just as important. You
see, when purchasing a home, instead of purchasing the actual building or land,
you are really purchasing the
title to the property - the right to occupy and use the space. That
title may be limited by rights and claims asserted by others, which may limit
your use and enjoyment of the property and even bring financial loss. Title
insurance protects against these types of title hazards.