1. Covers Your Heirs
As long as you or your heirs own your home, owner’s title insurance protects your property rights.
2. 8 in 10 Homebuyers Agree
Each year, more than 80% of America’s homebuyers choose to get owner’s title insurance.
3. Peace of Mind
If you’re buying a home, owner’s title insurance lets you rest assured, knowing that you’re protected from inheriting possible debts or legal problems once you’ve closed on your new home.
4. You Can’t Beat the Value
Owner’s title insurance is a one-time fee that’s very low relative to the value it provides, Its typically costs around 0.5% of the home’s purchase price.
5. Protects Your Largest Investment
A home is probably the single largest investment you will make in your life. You insure everything else that’s valuable to you: your life, care, health, pets, etc., so why not your largest investment? For a one-time fee, owner’s title insurance protects your property rights for as long as you own your home.
6. Reduces Your Risk
If you’re buying a home, there are many hidden issues that may pop up only after you purchase your home. Getting an owner’s title insurance policy is the best way to protect yourself from unforeseen title discrepancies. Don’t think it will happen to you? Think again. Title claims can include: outstanding mortgages and judgements, or a lien against the property because the seller has not paid his taxes pending legal action against the property that could affect you an unknown heir of a previous owner who is claiming ownership of the property.
7. Nothing Compares
Homeowners insurance and warranties protect only the structure and belongings of your home. Getting owner’s title insurance ensures your property rights are protected.
(via The American Land Title Association)