HOW TO PROTECT YOUR VALUABLE INVESTMENT
Title Insurance is the only guaranteed protection against real estate
title losses - it insures your ownership of your home. Your lending
institution will require Lender's Title Insurance, but that only protects
their interest. It insures the lender for the original amount of the loan
against invalidity of the mortgage which secures the loan.
The Owner's Title Insurance Policy Protects you. It informs you of any
other interests in the property, such as liens and encumbrances, and
protects you against unknown claims of ownership to or interests in
your property.
Most people have fire, car, and life insurance. You pay premiums every
year to continue your protection. When you purchase an Owner's Title
Insurance Policy, you pay your premium only once for coverage that will
protect your initial investment for as long as you own your home.
How does it protect you? Title Insurance protects you from hidden
risks not revealed by the attorney's or abstractor's search of the public
records. Common examples of hidden risks include:
* Forgery and Fraud
* Missed taxes
* Undisclosed or missing heirs
* Incorrect legal descriptions
* Conveyance by a minor
* Incorrect indexing at the courthouse
* Mental incompetence of grantors
* Missed easements
Could it happen to you? Suppose you purchase your dream house, a
split level ranch with a swimming pool, and when you arrive with your
moving van, you find someone else in the house claiming ownership.
What would you do? Or, suppose you are awakened early one
morning by a construction crew preparing to bulldoze your entire front
yard for a railroad track to be built on an easement claimed to pass
through your yard? What happens now? What if you receive a notice of
past due property taxes which must be paid within a few days or the
property will be put up for sale? Owner's Title Insurance is designed to
prevent these problems from ever happening, and give you a source of
protection if something unforeseen does occur.
Title Insurance is the only guaranteed protection against real estate
title losses - it insures your ownership of your home. Your lending
institution will require Lender's Title Insurance, but that only protects
their interest. It insures the lender for the original amount of the loan
against invalidity of the mortgage which secures the loan.
The Owner's Title Insurance Policy Protects you. It informs you of any
other interests in the property, such as liens and encumbrances, and
protects you against unknown claims of ownership to or interests in
your property.
Most people have fire, car, and life insurance. You pay premiums every
year to continue your protection. When you purchase an Owner's Title
Insurance Policy, you pay your premium only once for coverage that will
protect your initial investment for as long as you own your home.
How does it protect you? Title Insurance protects you from hidden
risks not revealed by the attorney's or abstractor's search of the public
records. Common examples of hidden risks include:
* Forgery and Fraud
* Missed taxes
* Undisclosed or missing heirs
* Incorrect legal descriptions
* Conveyance by a minor
* Incorrect indexing at the courthouse
* Mental incompetence of grantors
* Missed easements
Could it happen to you? Suppose you purchase your dream house, a
split level ranch with a swimming pool, and when you arrive with your
moving van, you find someone else in the house claiming ownership.
What would you do? Or, suppose you are awakened early one
morning by a construction crew preparing to bulldoze your entire front
yard for a railroad track to be built on an easement claimed to pass
through your yard? What happens now? What if you receive a notice of
past due property taxes which must be paid within a few days or the
property will be put up for sale? Owner's Title Insurance is designed to
prevent these problems from ever happening, and give you a source of
protection if something unforeseen does occur.
Wondering about Owner's Title Insurance ?
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Our Mission
Tri-County Abstract employees are
committed to providing our customers
with quality service. We are dedicated
to making your closing process a
pleasant experience by providing the
care and attention you deserve.
committed to providing our customers
with quality service. We are dedicated
to making your closing process a
pleasant experience by providing the
care and attention you deserve.
Contact us:
724-438-6511
724-438-6511
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| Serving the Fayette County PA, Greene County PA, Allegheny County PA, Washington County PA, Westmoreland County PA and Somerset County PA. Our office is located in Uniontown Pennsylvania. |
