Why Do You Need Pennsylvania Title Insurance?
Title insurance will protect possibly the most important investment you’ll ever make – your home! With a Pennsylvania Title Insurance policy, you have an indemnity contract that will reimburse you for loss in the case that someone asserts a claim against your property.
If the title has been searched, how can there still be a defect?
Your insurance is issued after thorough research of public records. But even the most careful examination can’t completely guarantee that no problems are present, even despite the professional knowledge and experience of the title examiner. Other problems may also exist that cannot be disclosed in public records.
What does title insurance protect me against?
- Undisclosed or missing heirs; Mistakes in recording legal documents
- Fraud
- Deeds by persons supposedly single, but in fact married
- False impersonation of the true owner of the property
- Forged deed, releases or wills, instruments executed under invalid or expired power of attorney
- Deeds by minors
- Liens for unpaid estate, inheritance, income of gift taxes
Title insurance will protect you in defending against any legal action against your title, and will either clear the title or pay the insured’s losses. For a single, one-time premium, your Pennsylvania title insurance policy will remain in effect as long as you or your heirs retain interest in the property.
