A Quick Education On Title Insurance

You are probably familiar with common insurance - automotive insurance, life
insurance, health insurance, and homeowner's insurance. You might even be
familiar with certain branches of each kind of insurance, such as the
different levels of coverage available for automotive insurance, the
different kinds of life insurance policies offered, the regulations that
come with some health insurance policies, and whether or not you even need
homeowner's insurance. But are you familiar with title insurance? If not,
read on for a quick education on title insurance policies.

Title insurance, most commonly, is an insurance policy that is purchased to
protect the owner and the property - usually land - from claims against the
ownership of the property. In other words, title insurance will protect you
in the event that someone claims you don't own property that you do, in
fact, own.

Depending on the specific title insurance policy, you can be compensated for
all procedures involved in proving your ownership of the property. Such
procedures include hiring an attorney as defense and court proceedings.
Depending on the specific title insurance policy, a title insurance policy
will pay for the fees related to such procedures, and reimburse you for the
money spent in the event that you win the case.

Having a title insurance policy is important because at anytime someone may
show up at your door claiming to have rights to your property. Since
property such as land is not something that deteriorates and just disappears
or finds a new home in a junkyard, there are most likely people who have had
some business with your land property at one time or another.

When you purchase your property, you may actually be purchasing land that
others have certain rights to. In other words, you may not be getting a
clear title. If this happens to you - if someone claims to have certain
rights to your property - a title insurance policy will come in handy.

About The Author: http://www.ezquoteguide.com/home/
http://www.ezquoteguide.com/car/
http://www.myquoteguide.com/Car-Coverage.shtml