Have you ever wondered why you need owners title insurance?
Here are 7 reasons to make the investment.
1. PROTECTS YOUR LARGEST INVESTMENT
You insure everything else that’s valuable to you—your life, car, health, pets, etc., so why not your largest investment? For a onetime fee, owner’s title insurance protects your property rights for as long as you or your heirs own your home.
2. REDUCES YOUR RISK
If you’re buying a home, there are many hidden issues that may pop up only after you purchase your home. Getting an owner’s title insurance policy is the best way to protect yourself from unforeseen legal and financial title discrepancies. Don’t think it will happen to you? Think again.
3. YOU CAN’T BEAT THE VALUE
Owner’s title insurance is a one-time fee that’s very low relative to the value it provides. It typically costs around 0.5% of the home’s purchase price.
4. COVERS YOUR HEIRS
As long as you or your heirs own your home, owner’s title insurance protects your property rights.
5. NOTHING COMPARES
Homeowners insurance and warranties protect only the structure and belongings of your home. Getting owner’s title insurance ensures your family’s property rights stay protected.
6. 8 IN 10 HOME-BUYERS AGREE
Each year, more than 80% of America’s home-buyers choose to get owner’s title insurance.
7. PEACE OF MIND
If you’re buying a home, owner’s title insurance lets you rest assured, knowing that you’re protected from inheriting any existing debts or legal problems, once you’ve closed on your new home.