Top Things to Know About Real Estate Title Insurance

Real estate title insurance covers unforeseen events with the property. It can also eliminate risks and prevent losses for things that have happened in the past with the property. This article will cover the tops things to know about real estate title insurance.

Top Things To Know About Real Estate Title Insurance

• The policy limit is the maximum amount paid for the property.




• An inflation rider can be purchased in case the property becomes more valuable.




• It offers financial protection against title defects that were unknown before the real estate title insurance was purchased.




• Known defects are listed and excluded from the policy.




• It does not protect against restrictive covenants, easements, certain water rights, zoning ordinances, current taxes, and additions to the property.




• A single premium is paid at the time of closing.




• As long as the insured owns the property and the defects occurred before the purchase of the insurance, the property is protected.