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Is Title Insurance Cost Effective
Most people have fire, automobile, and life insurance. You pay premiums every year to continue your protection. When you purchase an Owner’s Title Insurance Policy, you pay your premium only once for coverage that will protect your initial investment for as long as you own your home.
If a claim is made against your title as insured, Chicago Title protects you by:
Title insurance assures that every possible cloud on the title to the land you are buying, which can be discovered from the public records, has been called to your attention so that such defects can be corrected before you buy.
If a claim is made against your title as insured, Chicago Title protects you by:
(1) Defending your title, in court if necessary, completely at our expense
(2) Bearing the cost of settling the claim to the full value of the policy if the claim proves valid, in order to perfect your title and keep you in possession of your property.
Title insurance assures that every possible cloud on the title to the land you are buying, which can be discovered from the public records, has been called to your attention so that such defects can be corrected before you buy.
