PURCHASING A HOME?
PROTECT Your Piece of the American Dream
WHAT IS TITLE INSURANCE?
Owner’s title insurance is one of those items often misunderstood by homebuyers at closing, yet its value is tremendous. Owner’s title insurance is a policy that protects homebuyer’s property rights. For the same reasons the bank requires a lender’s insurance policy, the homebuyer obtains owner’s title insurance to protect against possible claims against the title. For more information about title insurance, contact UT&E.
HOW DOES IT WORK?
Say, for example, you recently purchased a new home from a builder, but the builder failed to pay the roofer. Wanting to be paid, the roofer filed a lien against the property. Without owner’s title insurance, you could be responsible for paying this existing debt. This is just one example of how owner’s title insurance protects homebuyers from various financial risks.
The good news is that owner’s title insurance protects homebuyers financially, as long as they own their home. For a low, one-time fee, homebuyers can rest assured, knowing they are protected against possible debts or claims to their property.
This information is for informational purposes only. Actual coverage and your eligibility may vary by company and state. For exact terms and conditions, exclusions, eligibility and limitations, please contact UT&E.