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The Benefits of Owner's Title Insurance for Homeowners

Mastering Communication
May 08, 2024•2 min read

Owning a home is a significant investment, and protecting that investment is crucial. While lender's title insurance is typically required for mortgages, owner's title insurance provides an extra layer of security for homeowners. Here's why it's a wise decision:

  • Safeguards Against Hidden Defects: Even a thorough title search might miss lurking issues. Owner's title insurance protects you from financial loss if someone challenges your ownership due to problems like:

    • Errors in public records: Typos, filing mistakes, or missing documents can create clouds on the title.

    • Unpaid liens: Liens from taxes, contractors, or judgments can complicate ownership.

    • Missing heirs: If unknown heirs have a claim to the property, it can cause title issues.

    • Forgery or fraud: A fraudulent seller or forged documents can jeopardize your ownership.

    • Boundary disputes: Disagreements with neighbors about property lines can be costly.

    • Undisclosed easements: Unknown easements granting access to your property can be inconvenient.

  • Covers Legal Expenses: Defending against a title challenge can be expensive. Owner's title insurance covers legal fees and court costs associated with defending your ownership rights.

  • Protects Your Investment: If a title defect forces you to give up ownership, owner's title insurance can compensate you for the lost value of your property. This financial protection ensures you're not left empty-handed.

  • Provides Peace of Mind: Knowing you're protected from unforeseen title issues allows you to relax and enjoy your homeownership experience. It's a safety net that safeguards your investment.

  • Smoothens Future Sales: A clean title is essential for a hassle-free sale. If a title issue arises during the sale of your property, owner's title insurance can help resolve it quickly, avoiding delays and protecting the sale.

Remember: Owner's title insurance is a one-time premium typically based on the purchase price of your property. The peace of mind and financial protection it offers make it a valuable investment for any homeowner.

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Attorney Karen Todd, the guiding force behind TTG Title, stands out as a distinguished figure in real estate law. A UCLA alumna and Howard Law graduate, Karen combines her robust educational background with a deep-rooted commitment to her clients and community. Renowned for her meticulous approach to real estate transactions and her dedication to fairness and transparency, Karen brings more than just legal expertise to the table. She's a community advocate and mentor, passionately involved in local initiatives and nurturing the next generation of legal professionals. Under her leadership, TTG Title thrives as a hub of excellence and integrity in the Washington DC real estate scene.

Karen Todd, Esq.

Attorney Karen Todd, the guiding force behind TTG Title, stands out as a distinguished figure in real estate law. A UCLA alumna and Howard Law graduate, Karen combines her robust educational background with a deep-rooted commitment to her clients and community. Renowned for her meticulous approach to real estate transactions and her dedication to fairness and transparency, Karen brings more than just legal expertise to the table. She's a community advocate and mentor, passionately involved in local initiatives and nurturing the next generation of legal professionals. Under her leadership, TTG Title thrives as a hub of excellence and integrity in the Washington DC real estate scene.

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