Why you need Owner’s Title Insurance

Why you need Title InsuranceThe place where you live is also one of
your most valuable possessions. But did
you know that ownership of your home
could be threatened – or taken away from
you – even if you’ve paid for the property
and received a deed?
When that dream is finally realized, why
wouldn’t you take every precaution to
protect it?

What Is Title Insurance?
Owner’s title insurance is meant to protect your
ownership interest in your home. Subject to the
terms of your policy, owner’s title insurance
protects you against losses incurred due to any
title defects that existed prior to the purchase of
your home.
Your owner’s title policy offers insurance protection
for as long as you own your home.
To the extent of the matters covered in the policy,
an owner’s title insurance policy will protect you in
the event a legal challenge is made to the ownership
of your home.

How Title Insurance Works
As property changes hands, mistakes and irregularities
– often made long before you expressed
interest in the property – can place your ownership
in dispute. The seller may have…
…Avoided disclosure of using the property as
collateral for an unpaid loan.
…Fraudulently claimed to be the sole owner.
…Failed to pay real estate taxes.
Even a simple mistake in the recording of legal
documents, improper execution of legal instruments
or the reappearance of undisclosed or
missing heirs could result in the loss of your home.

Protect Yourself and Your Family with the
Security of Owner’s Title Insurance
In order to provide title coverage, we search public
land records for documents and other interests
that may be associated with the title to your home.
If we identify recorded defects, liens or encumbrances
upon the title, such as unpaid taxes,
unsatisfied mortgages, easements, or restrictions,
these are identified on a report prepared prior to
your purchase of the property. We will then discuss
with you how to resolve these items prior to closing.
If you later identify a potential title issue, you
should review our policy for potential coverage.

Important Reasons Why You Need Owner’s
Title Insurance. Your Policy May Cover:
1. Forgery of a covered document
2. Fraud in the execution of a deed or other
covered document
3. Undue influence exercised over the grantor of
a deed
4. False impersonation by someone purporting
to be the owner of the property
5. Undisclosed or missing heirs
6. Wills not properly probated
7. Misinterpretation of wills and trusts
8. Mental incompetence of a grantor of a deed
9. Transfer of title by a minor
10. Heirs born after the execution of a will
11. Incorrect legal descriptions
12. Non-delivery of deeds
13. Deeds executed under expired or false
powers of attorney
14. Confusion due to similar or identical names
15. Dower or curtesy or homestead rights of
spouses of former owners
16. Incorrect indexing of the land records
17. Clerical errors in recording legal documents
18. Delivery of deeds after the death of the
Grantor

OUR BUSINESS
Your home is often the largest financial transaction you’ll ever make – our business is protecting the
title to your property from unknown defects. Under the terms of your insurance policy, for a relatively
low, one-time premium, you’re protected against covered losses that could cost tens of thousands
of dollars. Dollar for dollar, an owner’s title insurance policy is one of the most cost-efficient
forms of insurance for homeowners. Best of all, your one-time premium protects you for as long as
you own your property.

For more information visit their website at:
www.nationalagency.fntg.com

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