The perks of a title insurance

Introduction

Buying a home is probably the most prime investment any person may make. Just like any investment ventured in, one needs to provide some level of contingency. For a home, such contingency includes simple annually paid insurance like Homeowners and Termite coverage. The sensitivity nature of home ownership requires title insurance, as the whole process of home ownership involves acquiring a legal title to the premises, including all permanent renovations made upon the property. A title insurance company does exactly that; providing protection to your title, in form of insurance.

Premier Title Company Northwest Arkansas is an insurance firm that specializes in title insurance and escrow services for residential, farms, ranches and commercial premises. It has affiliations to the national underwriters, which gives them the rights to use an in-house plant to hold records for each land and premises filed at the courthouse.

What exactly is Title Insurance?

A title involves sensitive particulars which may be affected by claims filed by other parties, limiting your rights, enjoyment and use of the property and premises. Such rights being threatened may have severe financial loses. Title insurance offers protection against the finer risks like:

Fraudulent rights instruments like forged deeds or releases and wills

False impersonation of the true ownership of the said premises.

Penalties resulting from unpaid estate taxes and inheritance not brought forward at the time of title seal.

Any consequences resulting from undisclosed heirs and other mistakes made in recording legal documents.

Filed deeds under fraudulent marital status claims

Legalities following deeds involving minors or persons of unsound mind.

Misinterpretations of wills

Title insurance offers the insurer indemnity against any loss that may occur in the event of a foreign party assuring claims against the insured property. It is a small investment to make for your home’s safety sake. Unlike other home-related insurance policies that are renewed annually, title insurance is a one-time investment that is charged only once, and the policy remains active for as long as one maintains an interest in the said property.

The premiums, however, are based on the amount of the property, the loan amount or sale price of the said property. In the event of a lawsuit against the protected property, the title insurance is obligated to cover all costs related to the matter including paying the legal fees for representation against the lawsuit and even paying the insured the losses suffered.

What the Firm Does?

Premier Title Company Northwest Arkansas offers title insurance for Developers, Lenders, and Realtors with interest in a legally owned property. Their scope of service includes a critical search and examination of the property on matters involving the mortgage particulars, liens, unpaid taxes, and easements. They also offer escrow services, overseeing the whole process and closure of the transaction in acquiring the title, and insure everything is done by the books. Finally, the firm files the records of the consummation to the owner, county tax collector and any other involved party.

The author is an expert to resolve any kinds of title disputes. She has penned down to write the article to make people aware of diverse ways of resolving title disputes Siloam springs ar.