So what exactly is title insurance?
Crossland Title Tennessee

So what exactly is “Title Insurance?”

So what exactly is “title insurance?”

Well, when you financed a property, a record of that transaction is generally filed in public archives. Also, this applies if you bought or sold a property. Likewise, records of other events that may affect the ownership of a property. Liens or levies are also archived. What about when you buy title insurance for your property? A title company searches these records to find – and remedy, if possible – several types of ownership issues. First, the title company searches public records to determine the property’s ownership status. After this search, the underwriter will determine the insurability of the title.
Even the most skilled title professionals may not find all problems associated with a property. Some risks, such as title issues due to filing errors, forgeries, or undisclosed heirs, are difficult to identify. After the title company finishes its searching, it also provides a title insurance policy. A policy that will help protect you from a variety of issues that might uncover later.
If you take out a mortgage loan when you buy your property, your lender will need a loan policy of title insurance. This protects the lender’s interest in your property until you pay the loan off or refinance it.
An owner’s policy of title insurance insures your ownership rights to the property. Even though you’ll pay for this policy only once, your coverage will last as long as you own your home.
A real estate purchase may be the largest financial investment you ever make. So, when you buy an owner’s policy of title insurance, just think of it as buying some peace of mind!

Crossland Title, Inc.

Crossland Title Inc. is a Knoxville title agency providing full-service real estate title solutions. Crossland Title Inc. makes your closing seem effortless.

With more than 32 years of experience in the real estate and title business, owners Pam Rice and Beth Crox have built their reputations upon the virtues of personal service and integrity. They believe that reputation as an honest and reliable business is the recipe for success.

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