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Friday, April 12, 2013

Why Title Insurance?

WHY YOU NEED TITLE INSURANCE:

Title insurance is “risk elimination” insurance that protects your client’s financial interests against loss due to past title defects, liens, and other matters researched during the title chain (or history). This means that if someone comes forward with a rightful claim on their property from before they purchased it, they may be indemnified for their actual loss. The title insurer pays the loss, not them!

Source: First Capital Title