Title Insurance Benefits

As a buyer…why get title insurance? 

1. It’s protective.
2. It speeds up completion.
   

Attorneys give an opinion; however, title insurance companies insure, transferring the liability risk from the purchaser to the title insurance company.  In the case where a problem does arise, a claim is easily filed against the title insurance company. This preferable to protracted legal action and the associative costs.   

Obtaining title insurance accelerates the completion process, which is a win-win for all stakeholders: buyers, sellers, agents/brokers and attorneys.   

Source: Hector Rivera, International Data Management (IDM) 

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