WHY TITLE INSURANCE?
There are few things in life more important than protecting your home. The following matters are examples of why you need an Owner’s Title Insurance Policy. Remember that the best title examination or search cannot protect your equity and home from matters not appearing in public records. However, an Owner’s Title Insurance Policy* can protect you from:
· Documents executed under false, revoked or expired powers of attorney.
· False impersonation of the true land owner.
· Undisclosed heirs.
· Improperly recorded or executed legal documents.
· Prescriptive rights in another not appearing of record and not disclosed by survey.
· Failure to include necessary parties to certain judicial proceedings.
· Defective acknowledgements due to improper or expired notarization.
· Forged deed, mortgages, wills, releases of mortgages and other instruments.
· Conveyances by an heir, devisee or survivor of a joint estate who attempts to attain title by ill-gotten means.
· Inadequate legal descriptions.
· Conveyances by undisclosed divorced spouses.
· Duress in execution of wills, deeds and instruments conveying or establishing title.
· Deeds and wills by person lacking legal capacity.
· Errors in tax records.
· Administration of estates and probate of wills of missing persons who are presumed dead.
· Issues concerning the rightful conveyances by corporate entities.
· Issues involving improper marital status.
· Rights of divorced parties.
· Misinterpretation of wills and ancillary instruments.
· Claims by creditors of decedent against property improperly conveyed by heirs and devisees.
· Issues of eminent domain or condemnation.
· Special tax assessments.
· Real estate homestead exceptions.
· Issues concerning interest(s) noted in financial statements filed under UCC.
· Utility easements.
· Probate matters.
*subject to certain exceptions as listed in the policy.