In most cases, the purchase of your home will likely be the largest, most important investment you will ever make. We don’t think that’s a good time for taking chances. That’s why Monroe Title LLC is here for you.
What exactly is title insurance?
While title insurance is often misunderstood and overlooked, it is quite possibly the most important type of insurance you will purchase for your home. When you buy a home, you are purchasing more than just a building and the land on which it sits – you are purchasing the title to the property which grants you the right to occupy and use the land how you see fit.
In some scenarios a title can contain mistakes such as improper wording, incorrect names, outstanding mortgages, incorrect notary acknowledgements, or a number of other problems. All of these hazards could possibly limit the rights of your title, restrict your use of the property, and ultimately result in financial loss. Title insurance will protect you from all of these unforeseen circumstances.
Why is title insurance essential?
At Monroe Title LLC, our experienced attorneys begin with an extensive title search and examination to uncover any obscure title hazards that could possibly threaten your investment. However, even with the most extensive search, title hazards can sometimes go unnoticed.
With title insurance, you can rest assured that your investment will be protected against any unforeseen title hazards. Unlike many types of home insurance, title insurance requires a one-time payment at closing but provides title protection for as long as you own the property.