Title insurance protects your right to some of your largest investments you’ll ever make!
As a buyer you want to protect your investment -- and the ownership rights that come with it. This is why it's wise to purchase an owner's policy of title insurance, 这将保护你作为房主的权利, generally for as long as you or your heirs have an interest in the property.
Both title insurance policies not only pay valid claims and legal fees to defend against hidden title issues, but also help to decrease ownership risks by providing a thorough title search prior to the issuance of either policy.
A lender's policy (often called a loan policy) is required by most lending institutions as a way to insure their security interest in the property. This policy protects the bank or other lending institution for as long as they maintain an interest in the property (typically until your mortgage is paid off).
Some owners may chose to put either a federal or a state issued easement on their property. An easement may be defined as an interest acquired by one person in the land of another which entitles the owner of the easement to limit use or enjoyment of the other person’s land. In a 美国的政策 we work with the appropriate organization to insure their easement interest in the property.
简单的说, title is evidence of ownership with the right of exclusive possession and use of property. A good title is one that can be defended successfully against adverse claims.
Title insurance is the insurance of owners of property or others having interest therein or 留置权 or encumbrances thereon, 防止因负担造成的损失, 或者有缺陷的头衔, 或无效, 或者对所有权的逆权索赔. SDCL 58-9-33
汽车、人寿、健康等保险., protects against potential future events and is paid for with monthly or annual premiums. A title insurance policy insures against events that occurred in the past of the real estate property and the people who owned it, 在明升娱乐网官网结束时一次性支付保险费.
明升体育m88防止因财产缺陷而索赔. Defects are things such as another person claiming an ownership interest, 记录不当的文件, 欺诈, 伪造, 留置权, 侵占, easements and other items that are specified in the insurance policy.
Buyers and lenders need title insurance in order to be insured against various possible title defects. The buyer, seller and lender all benefit from issuance of a title insurance policy.
A lender’s policy is generally required when a lender issues a mortgage loan. The loan policy is usually based on the dollar amount of the loan and it protects the lender’s interests in the property should a problem with the title arise. 它不能保护买方. The policy amount decreases each year and eventually disappears as the loan is paid off.
An owner’s policy, purchased at closing, provides coverage for the homeowner. It is usually issued in the amount of the real estate purchase and is valid for as long as the owner or his heirs have an interest in the property. Only an owner’s policy fully protects the buyer should a covered title problem arise with the title that was not found during the title search. 可能存在的隐藏标题问题包括:
There are two types of owner’s title insurance policies certified by the American Land Title Association® (ALTA®):
The owner’s policy protects you from defects and 留置权 in the history of your title through the date and time your deed is recorded in the public records.
The homeowner’s policy takes your protection to a higher level by providing coverage for many additional risks, including some that might occur after the deed has been recorded. 房屋所有者的政策保护许多常见的, 令人沮丧的问题, and the policy protects your investment for as long as you or your heirs own the property.
After the escrow officer or lender opens the title order, we begin a title search. A title order begins with an in-depth search starting with a review of public records. 搜索可能很复杂，因为, 取决于你的地理位置, 财产信息可以以多种方式归档. We have created systematic search methods and a large information database that lead to faster and more accurate research.
标题搜索可以发现可能的标题问题, 像留置权, 对以前贷款的判断和信息, 下水道评估、税收和其他问题. 新建物业仍需彻底搜查, 因为这块地可能已经多次易手, and there is no guarantee that subcontractors or suppliers have not placed 留置权 on the property. The data collected from a title search helps reduce the risk of future title problems with your home and makes your title policy—and the process of underwriting it—a valuable investment.
业主政策为新业主/购房者提供保险, and a lender’s policy insures the priority of the lender’s security interest.