Why Title Insurance?

Why Title Insurance?

People often ask why they need title insurance or how title failure occurs. An owner’s policy indemnifies the insured in the event of hidden risks, including:

  • Documents that were executed under false, revoked or expired powers of attorney
  • False impersonations of the true property owner
  • Undisclosed heirs
  • Improperly recorded legal documents
  • Prescriptive rights of another that did not appear on record or that were not disclosed by survey
  • Defective acknowledgments due to improper or expired notarization
  • Corporate franchise taxes as liens on corporate real estate assets
  • Gaps in the chain of title
  • Mistakes and omissions that result in improper abstracts
  • Forged deeds, mortgages, wills, releases of mortgages and other instruments
  • Deeds by minors
  • Deeds that appear absolute, but are held to be equitable title
  • Inadequate legal descriptions
  • Errors in tax records
  • And more…
facts about title