Mohave County Home Shopper December 2013 | Page 12

Pioneer Title Agency why title insurance? “Commitment to Service” what is title insurance? Title Insurance differs from other categories of insurance. Auto, homeowners, and fire insurance require you to pay annual premiums because, unlike Title Insurance, they expect you to make claims periodically throughout the life of the policy. Title Insurance, however, is Risk Elimination Insurance, and requires that you pay a one time premium risk elimination. Title Insurance is designed to protect you from being subjected to any unforeseen surprises. The first step to guaranteeing your protection is a title search. By investigating all county records on your property, a title search can verify the seller’s right to transfer ownership, locate any claims, assessments, errors, or miscellaneous defects on the property and virtually eliminate the risk factor for the buyer. when you close. Judgments, liens, and title defects are eliminated at the closing. This process will ensure a clear title to your property. Once completed, the appropriate documents will be recorded with the county as public record of your ownership of the title. Be sure you understand all the charges assessed in your closing costs. Obtain an itemized list and review it thoroughly before you close. some of the costs to expect at closing: Title Insurance Premiums Settlement Fees Government Fees Property or Other Taxes Loan Charges Appraisal Fees title policy. your protection. Title Insurance is your safeguard. It can save you trouble, time, and money. It acts as a shield to guard you against potential claims brought against your property. If your ownership becomes threatened by any claim covered in your policy we will negotiate to settle the claim and if necessary defend your title in court. After the recording, Pioneer Title Agency will Issue you a Title Policy. Your policy will guard you against certain risks such as: Additionally, we will be responsible for most legal costs incurred while defending your title. If your property title is threatened, you can rest easy knowing you are safe when you are insured through Pioneer Title Agency. Ownerships: Errors: Incorrect information on deeds, public records, etc. Liens: Unpaid mortgages, taxes, sewer and water assessments. Outstanding spousal interests, or interests, or interests of missing heirs in an estate. Invalid Deeds: Transfer by former seller who did not actually own the property, or who were not Cherish Sammeli Account Manager cell 928.377.0808 [email protected] www.ptaaz.com Kingman Branch Hualapai Branch 928.753.5578 2213 Stockton Hill Rd. Kingman, AZ 86401 928.753.6300 2331 Hualapai Mtn. Rd., Ste. B Kingman, AZ 86401