RelocationCentral Why Title Insurance ?
A home is usually the largest single investment any of us will ever make . When you purchase a home , you will purchase several types of insurance coverage to protect your home and personal property . A unique coverage known as title insurance protects against hidden title hazards that may threaten your financial investment in your home .
Title Insurance is not as well understood as other types of home insurance , but it is just as important . You see , when purchasing a home , instead of purchasing the actual building or land , you are really purchasing the title to the property – the right to occupy and use the space . That title may be limited by rights and claims asserted by others , which may limit your use and enjoyment of the property and even bring financial loss . Title Insurance protects these types of hazards .
Other types of Insurance that protect your home focus on possible future events and charge an annual premium on the other hand , title insurance protects against loss from hazards and defects that already exist in the title and is purchased with one-time premium . There are two basic kinds of title insurance :
• Lender or mortgagee protection
• Owner ’ s coverage
Most lenders require mortgagee title insurance as security for their investment in real estate , just as they may call you for fire insurance and other types of coverage as investor protection .
Owner ’ s title insurance lasts as long as you , the policyholder – or your heirs – have an interest in the insured property .
Respectfully submitted by : Marlene Butkus Stewart Title of Tampa 813-872-9898 Hablo Español mbutkus @ stewart . com www . StewartTampa . com
Stewart Title of Tampa provides comprehensive real estate closing services and issues real estate title insurance . We ’ ve been in the Tampa Bay area for 50 years and have closed and written title insurance for much of Tampa . We ’ re growing -- we now have seven strategically located offices . Our newest branch is in Land O ’ Lakes !! We are also located in Brandon , Carrollwood , Lakeland , New Port Richey ( Allied Title ), South Tampa and Temple Terrace . Call Stewart Title of Tampa with a contract today – we ’ re ready to serve you .
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