Title Insurance
Protecting Your Investment With Title Insurance
Landmark Title offers our clients of Middle Tennessee title insurance for many reasons. It is an intelligent way to safeguard your property investment and transaction when selling residential or commercial real estate. If you are a property owner, you may need title insurance when selling real estate. Title insurance is typically referred to as an Owner’s Policy, and it covers the real estate purchase amount. The real estate owner will purchase title insurance one time during the closing process, and it is valid for as long as an owner or their heirs hold an interest in a purchased real estate. You get full protection with title insurance if a title problem arises that was not originally found during the title search. Examples of title problems your insurance typically covers include forgery, undisclosed heirs, mistakes in examining records, and errors or omissions in deeds.
Loan Policies for Mortgage Lenders
A mortgage lender’s title insurance is typically called a Loan Policy, which most lenders require when issuing a mortgage loan. In a loan policy, providers usually based title insurance on the loan’s dollar amount. If a problem with the title occurs, a loan policy protects the lender’s interests regarding the property but does not protect the buyer. The policy amount goes down with each passing year, and it eventually disappears as you pay off the loan. Landmark Title has extensive experience handling title insurance for property owners and lenders. We work to provide a policy that protects your interests in a property.
How Title Insurance Is Different From Other Insurance
Before investing in title insurance to safeguard your property interests during the closing process, you might wonder what this type of policy is and how it applies to real estate. A title insurance policy insures the policyholder against events in the real estate property’s past and the people who previously owned it. It entails a one-time premium you pay at the close of the escrow. Other insurance types, such as health, life, and car insurance, protect people against future events, and policyholders pay monthly or annual premiums.
Providing Middle Tennessee Area Policies
Landmark Title has your title insurance needs covered with full protection, whether you need an Owner’s Policy or a Loan Policy. Our expertise and outstanding service work to your benefit when selling or buying real estate.