FAQ's
What is Title Insurance?
Title Insurance is an insurance policy that protects your legal rights to own, possess, use, control and dispose of land. Our office understands how hard it can be to sell or buy a home. We pride ourselves in making sure our customers fully understand all of the services we have to offer and provide you with some information to help you.What is Title Search?
A title search is a detailed examination of the historical, public records concerning a property. These records include deeds, court records, property and name indexes, and many other public documents.Why do I need Title Insurance?
There are two types of title insurance policies:
•Lender's Policy
•Owner's Policy
Lender's Policy - is required for mortgage, financially covers the amount of the loan, and provides protection to the lender.
Owner's Policy - protect the land owner against any title loss, which ensures the value of the property.
With title insurance, if a claim is made against the title, the underwriter must pay any and all cost associated with defense against the challenge, and if unsuccessful in that defense, reimburse the land owner for any reduction in the value of land.Is Title Insurance as important as Homeowner's Insurance?
Home owner's insurance typically provides protection against theft or damage. If the title to the land fails, you could lose the right to inhabit your home as well as the land it occupies.How much does Insurance cost?
Title insurance premiums are set by the State Department of Insurance. However, you pay for an owner's policy of title insurance only once; there are no monthly premiums.How long does Title Insurance coverage last?
The lender's policy of title insurance last until the mortgage is paid in full. A owner's policy of title insurance last for as long as you or your heirs retain an interest in the property.
Where can I get Title Insurance?
Casa Y Title Company
Call our Offices Today!
(575) 434-6770