Title insurance is often less understood than other types of property insurance—but it’s just as essential. When you buy a home, you’re not just purchasing land or a structure; you’re securing legal rights to the property. However, those rights can be affected by claims or defects tied to the property’s history—such as liens, disputes, or ownership issues—which could lead to financial loss.
Title insurance protects you against existing risks or defects in the title that may not have been discovered during the initial title search.
Owner’s Policy
An Owner’s Title Policy protects you (and your heirs) for as long as you hold an interest in the property—even beyond the sale. This coverage can include:
• Improper transfer of title by previous owners
• Mechanics liens from unpaid contractors or subcontractors
• Unrecorded liens or unpaid property taxes
• Delinquent subdivision loan balances
• Bankruptcy or legal claims impacting the title
Loan Policy
Most lenders require a Loan (or Mortgagee’s) Title Policy to protect their financial interest in the property. This policy only covers the lender—not the homeowner—against title issues that could affect the value or enforceability of the mortgage.
Have questions about your title or closing? Call now for a free consultation with our experts.
(469) 941-9884Heroes in Texas can have their home escrow fees waived from Destination Title Group through Homes for Heroes.
A $1,200 Value