Title Insurance – Protecting Your Newly Acquired Home From Intruders

With so many reports of violence and crimes these days, protecting the home is the primary concern of each citizen while managing to live in a peaceful neighborhood. Ensuring the safety of your home means security and free from worries, title insurance brings this package into reality.

It is indeed very rewarding to see that all your hard work has paid off when you purchased or built your own home. It is like a dream come true that at last, you will be living independently without the help of your parents and it would be easier to establish a new family in a new environment while at the same time, make new friends with the new neighborhood. The whole thing is new. It is like everything that you have planned is becoming a reality. Until one day, someone came into your doorsteps claiming that the lot where your house was built is theirs. This is not a rare case, especially in the United States. This is the reason why the title insurance concept was developed to protect landowners from dealing with such scenarios.

What is title insurance? Title insurance is like the current title owners’ shield that protects him or her against possible loss of the property that may arise from problems connected to the title of the property from the past. Like for example, your home may have gone through several ownership changes before you purchased it, and the land on which it stands went through many other title holders. The problem comes in when a weak link may have happened in the past at any point of the different chains of changes in title ownership. Let us make it simpler. Say for example, someone may have forged a signature in transferring title before you got hold of it or worse, there may be unpaid real estate taxes. The importance of having title insurance is that it will defend the insured party against a lawsuit and it will cover for any claims and legal fees from external sources that may arise out of such troubles.

In the United States, there are a lot of title insurance companies that are more than willing to help you with any residential or real estate queries. One of which is the First American Title Insurance Company, a subsidiary of First American Corporation. First American recognizes the need for extra title coverages for the homeowner and this need resulted to the conception of the The Eagle Protection Owner's Policy. This policy affords extended coverage for titleholders of one up to the maximum of four family houses or residences but not limited to condominiums. This policy offers and more encouraging series of coverages for the homeowner. Other title insurance companies with reputable credibility are the following: the Chicago Title Insurance Company, a subsidiary of the Chicago Title and Trust Company that has been serving the nation for more than 160 years; Weston Title & Escrow, a Florida title insurance and closing agency, the Centraland Title Company, a Texas title insurance company with insurance premium rates set by the Department of Insurance for the State of Texas and California Title Company, a California title insurance company that serves counties throughout Southern California with regional offices in Los Angeles, Orange County, and San Diego.

These companies are committed in protecting the American Dream of home ownership. Though it is not mandatory to file title insurance, it is still a must for homeowners because buying a home is the most essential investment that one will ever make.