Securing title insurance ultimately protects you from potential ownership or transfer problems of your property. Land titles allow you to own, control, and dispose of your property legally. You can also get more information about title insurance online via clearskiestitle.com/.

If you need to pay the mortgage or have plans for refinancing, then having one is a must. Lenders consider this a prerequisite before considering and approving loans. The insurance will be valid until the entirety of the loan is paid. 

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A lender's policy usually does not equate to the full value of the property while an owner's policy has provisions indicating full coverage of the value in case of defects.

You pay a one-time fee and the title insurance for as long as the owner and the heirs of the property choose to keep it. There are no monthly premiums, unlike other homeowner's insurance policies. When there is a spotted defect during the title search, a fact-checking process for realtors, owners will then have greater protection against potential losses and an owner's policy will fully reimburse the owner of their losses.

Some of the most common conflicts related to titles are unpaid mortgages and taxes, the conflict between heirs, omissions in deeds, and fraud/forgery. Having an owner's policy title insurance will mean that the seller will back you up legally in addition to financial coverage.