MARTIN is an approved agent with several national title insurance
companies. Lenders always protect their investment by including the purchase
of a lender’s title insurance policy in the cost of closing. Owners
should protect their precious asset as well.
Why Do You Need Title Insurance?
To protect possibly the most important investment you'll ever make - the
investment in your home. With a title insurance policy, you as owner,
have a contract that will reimburse you for loss in the event someone
asserts a claim against your property that is covered by the policy.
How can there be a title defect if the title has been searched?
Title insurance is issued after a careful examination of copies of the
public records. But even the most thorough search cannot absolutely assure
that no title hazards are present, despite the knowledge and experience
of professional title examiners. In addition to matters shown by public
records, other title problems may exist that cannot be disclosed in a
What title insurance protects against?
Here are just a few of the most common hidden risks that can cause a loss
of title or create an encumbrance on title:
· False impersonation of the true owner of the property
· Forged deed, releases or wills, Instruments executed under invalid
power of attorney;
· Undisclosed or missing heirs; Mistakes in recording legal documents
· Misinterpretations of wills Deeds by persons of unsound mind
· Deeds by minors
· Deeds by persons supposedly single, but in fact married
· Liens for unpaid estate, inheritance, income or gift taxes
What protection does title insurance provide against defects
and hidden risks?
Title insurance will pay for defending against any lawsuit attacking your
title as insured, and will either clear up title problems or pay the insured's
losses. For a one-time premium, an owner's title insurance policy remains
in effect as long as you, or your heirs, retain an interest in the property.
What this means to you?
The peace of mind in knowing that the investment you've made in your home
is a safe one.