Title insurance is an insurance policy which protects the insured against loss should the condition of title to land be other than as insured. When you buy a home, or any property for that matter, you expect to enjoy certain benefits from ownership.  You expect to be able to occupy and use the property as you wish, to be free from debts or obligations not created or agreed to by you, and to be able to freely sell or pledge your property as security for a loan. Title insurance is designed to cover all of these rights.

Cost

The cost of title insurance varies depending on the value of your property and the coverage will remain in effect fo as long as you have an interest in covered property . If you should die, the coverage then continues to the benefit of your heirs.  Also, if you decide to sell your property, giving warranties of title to the buyers, your coverage continues.

Coverage

There are two different levels of coverage:

   1.  Standard Coverage:

• forgery and impersonation
• lack of competency, capacity or legal authority of a party
• deed not joined in by a necessary party
• undisclosed prior mortgage or lein
• undisclosed easement or use restriction
• erroneous or inadequate legal descriptions
• lack of a right of access
• deed not properly recorded

  2.  Eagle Policy:

• off record matters
• deed to land with buildings encroaching on land of another incorrect survey
• silent leins
• pre-existing violations of subdivision laws
• post-policy forgery
• forced removal of improvements due to lack of building permit
• post-policy construction of improvements by a neighbor onto insured land
• location and dimensions of insured land