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ANSWERS TO
YOUR QUESTIONS
1. What does title
insurance protect me from?
Monetary loss. Loss that's caused by
defects or encumbrances on your title to the land that aren't shown or discussed
in your title policy.
2. Is an attorney's
opinion just as good as title insurance?
No. Title insurance offers
you more protection, insuring you against unrecorded documents, fraud, questions
of survey, mechanics liens, and rights and claims of parties in
possession.
3. How much does an
owner's policy cost?
Usually only $100-$200 more than the lender's
policy required on new mortgages. If you are buying on a contract for deed, or
assuming a mortgage, you'll want to check Absolute's rate schedule or contact
one of our representatives for a quote.
4. How long does my
policy protect me?
An owner's policy protects the named owners as long as that owner remains in
title in the manner obtained.
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