What IS title insurance and why do I need it?

If you own something, chances are you have insurance for it. Car insurance, homeowners insurance, boat insurance, there are all sorts of insurance policies. But what if it turns out that you don't actually own something that you thought you did? What if someone tried to take it away, or place their own claim to it? 

Title insurance covers the title to your property: your ownership of it. Simply put, title insurance covers you from past owners and possible issues like outstanding heirs, mortgages, tax liens, and other types of judgments that attach to real property. 

If you're purchasing a home or piece of property, make sure to ask your closing attorney about the importance of title insurance and a full title search. 

It just might save you a mountain of headache later.

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