Title insurance is an excellent and simple way to make sure you're protecting your investments, whether it be your home or other properties you may be purchasing. Title insurance is extra protection against something being overlooked, or a claim being made in the future.
The title company that provides the insurance will look at the chain of title from previous owners, to make sure there aren't any liens that weren't paid or claims made to the property by other people. If anything like that is found, it’s cleared and taken care of before closing so you can rest assured that you have a clear title.
If you're getting a mortgage on the property, your lender will automatically get their own title insurance policy. But that policy only covers their interest in your property. As a homeowner, you’ll want to get one for yourself, as well. This policy, called a homeowner’s policy, is paid at closing, and it's a one-time payment. You won’t ever have to worry about monthly premiums or additional, future payments.
You can simply enjoy living in your home or investment, without fear of past liens or claims becoming a problem at a later date.
