7 Reasons Why Every Home Buyer Needs Owner's Title Insurance

7 REASONS WHY EVERY HOMEBUYER NEEDS OWNER’S TITLE INSURANCE

BUY WITH CONFIDENCE Buying a home is an exciting and emotional time for many people. To help you buy your home with more confidence, make sure you get owner’s title insurance. Here’s why it’s so important for you.

1. PROTECTS YOUR LARGEST • Clerical error: inconsistent paperwork 6. 8 IN 10 HOMEBUYERS INVESTMENT and historical records. For example, an AGREE unforeseeable discrepancy in the property A home is probably the single largest Each year, more than 80% of America’s or fence line causes confusion in ownership investment you’ll make in your life. You insure homebuyers choose to get owner’s title rights. everything else that’s valuable to you—your insurance. life, car, personal property, health, pets, jewelry, Unexpected title claims, such as: etc.—so why not your largest investment? For • Outstanding mortgages and judgments, or 7. PEACE OF MIND a one-time fee, owner’s title insurance protects liens against the property because the seller your property rights for as long as you or your If you’re buying a home, owner’s title insurance didn’t pay required taxes heirs* own the home. lets you rest assured, with the knowledge that • Pending legal action against the property you won’t be stuck with certain existing debts that could affect your ownership or legal problems once you’ve closed on your 2. REDUCES YOUR RISK • An unknown heir of a previous owner new home. If you’re buying a home, there are many who is claiming ownership of the property hidden issues that may pop up after purchasing More Homebuyer Tips & Information it. Getting an owner’s title insurance policy 3. YOU CAN’T BEAT THE VALUE The American Land Title Association helps protects you from legal title discrepancies. educate homebuyers about title insurance so Owner’s title insurance is a one-time fee that’s Don’t think it will happen to you? Think again. they can protect their property rights. Check very low relative to the value it provides. Here are just some of the many situations that out www.homeclosing101.org to learn more It typically costs around 0.5% of a home’s you’ll be protected from if you have owner’s about title insurance and the home closing purchase price. title insurance. process.

Unforeseeable title claims, such as: 4. COVERS YOUR HEIRS* *This article offers a brief description of • Forgery: making a false document. For As long as you or your heirs* own your home, insurance coverages, products and services example, the seller misrepresents the owner’s title insurance protects your property and is meant for informational purposes only. identity of the person selling the property. rights. Actual coverages may vary by state, company • Fraud: deception to achieve unfair gain. or locality. You may not be eligible for all of For example, someone steals your identity 5. NOTHING COMPARES the insurance products, coverages or services and either sells your house without your described in this advertising. For exact terms, knowledge or consent, or takes out a Home insurance and warranties protect only conditions, exclusions, and limitations, please second mortgage on the property and the inside of the home. Getting owner’s title contact a Ticor Title representative. walks away with the money. insurance ensures your family’s property rights stay protected.

Remember to specify Ticor Title on your next transaction