Title Insurance Demystified: Do Homeowners Really Need It?

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Title insurance is an absolute necessity in every real estate conveyance transaction. The problem is that most home buyers don’t know what title insurance is or what it covers, and only see it for the first time on the closing settlement statement. Closing attorneys and title insurance companies need to do a better job explaining the excellent benefits of title insurance and its reasonable cost before the closing. This article will explain title insurance, coverages and exceptions, the cost, and the closing attorneys role in issuing a policy of title insurance.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Richard Vetstein | Attorney Advertising

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