3 Things You Might Not Know About Title Insurance

Posted By Andrea Robinson
September 01, 2022 Category: General

  Title insurance may be something that your lender tells you isn’t necessary - but it’s something you should think twice about NOT purchasing.    If you’re skeptical about whether or not you need title insurance, here are 3 things you may not know about title insurance - and that may help put those doubts you have about it to bed.   You can purchase it at any time   If you weren’t aware that title insurance was something you needed to look into when you purchased your home, don't worry - it’s not too late!   This happens a lot more often than we think, as not all lenders require homeowners to purchase it before they close on their homes.   You can still purchase a policy with a title insurance agency even if you’ve bought your home YEARS ago. All you need to do is get the process started.   It protects you both from the past AND the future   If you did buy title insurance when you closed on your home, then you’re protected for everything that may have happened BEFORE you got the keys to your home and that may come back to the surface years AFTER you are settled in. While an agency would have done some research to clear out anything that was being held against the title of your home before you got the keys, things can unfortunately still come up out of the blue.   It covers new construction   Believe it or not - even new construction can encoun