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21 Reasons For Title Insurance

What is Title Insurance?

Title Insurance is a form of indemnity insurance that protects lenders and homebuyers from financial loss sustained from defects in a title to a property.


And why do you need it?

Title Insurance is mandatory in Pennsylvania and strongly recommended in New Jersey, but beyond that, it’s a smart idea to protect your largest investment. We’ve compiled a list of 21 reasons you want to have Title Insurance for your home.


Protect Your Biggest Investment

A fire destroys only the house and improvements. The ground is left. A defective title may take away not only the house but also the land on which it stands. Title Insurance protects you (as specified in the Policy) against such loss.


Protect Against Forgery

A deed or mortgage in the chain of title may be a forgery.


Protect Against Underage Transfer

A deed or a mortgage may have been signed by a person under age.


Protect Against Incompetent Transfer

A deed or a mortgage may have been made by an insane person or one otherwise incompetent.


Protect From Deeds Made Under The Power of Attorney

A deed or a mortgage may have been made under a power of attorney after its termination and would, therefore, be void.


Protect Against False Identity

A deed or a mortgage may have been made by a person other than the owner, but with the same name as the owner.


Ensure Your Children’s Rights

The testator of a will might have had a child born after the execution of the will, a fact that would entitle the child to claim his or her share of the property.


Protect Against Fraud or Duress

A deed or a mortgage may have been procured by fraud or duress.


Protect Against Tax Liens

Title transferred by an heir may be subject to a federal estate tax lien.


Protect Against False Deaths

An heir or other person presumed dead may appear and recover the property or an interest therein.


Protect Against Voidable Judgments/Levies

A judgment or levy upon which the title is dependent may be void or voidable on account of some defect in the proceeding.


Covering Costs

Title Insurance covers attorneys’ fees and court costs.


Speeding Negations

Title Insurance helps speed negations when you are ready to sell or obtain a loan.


Easier Transferences

By insuring the title, you can eliminate delays and technicalities when passing your title on to someone else.


Loss Reimbursement

Title Insurance reimburses you for the amount of your covered losses.


Voidable due to Bankruptcy

A deed or a mortgage may be voidable because it was signed while the grantor was in bankruptcy.


Fully Paid Up Policies

Each Title Insurance policy we write is paid up in full by the first premium for as long as you or your heirs own the property.


Protect Against Defects

There may be a defect in the recording of a document upon which your title is dependent.


Protect Against Non-Existent Spouses

Claims constantly arise due to marital status and validity of divorces. Only Title Insurance protect against claims made by non-existent or divorced “wives” or “husbands”.


Attorney Protection

Many lawyers, in giving an opinion on a title, protect their clients as well as themselves by procuring in Title Insurance.


Rising Number of Claims

Over the last 24 years, claims have risen dramatically.

Do It With Pride

Get started with a free consultation.

Step confidently into this next chapter of your life with Pride Abstract. We’re here to help you protect your biggest investment ever. We have the tools and expertise you need to close on your new home. Give us a call at the office nearest to you to get started.