20 Reasons to Buy Title Insurance
for Yourself
(The bank will require it for them)Owner's title insurance will not only protect you against these hidden risks that would not be disclosed by even the most meticulous search of public records by the bank's attorney, but also will pay for the legal fees required to defend your title as insured against these hidden risks. It is a one time charge and will probably not be available for such a small fee at any future date. In addition, there is no extra charge for an inflation rider which is added to every policy and will increase coverage as required.
Forgery. - Fraud (misrepresentation) in connection with the execution of documents.
- Undue influence (under pressure) on Grantor (Seller) or executor of a Will.
- False impersonation by those purporting to be owners of the property.
- Incorrect representation of martial status of a Grantor (Seller):
- Undisclosed or missing heirs.
- Wills not properly probated.
- Mistaken interpretation of Wills and Trusts.
- Conveyance by a minor.
- Birth of heirs subsequent to the date of a Will.
- Inadequate surveys.
- Incorrect legal descriptions.
- Nondelivery of deeds.
- Unsatisfied claim not shown on a record.
- Deeds executed under false Power of Attorney.
- Confusion due to similar or identical names.
- Dower or curtsey rights (homestead) of exspouse of former owner.
- Incorrect indexing.
- Clerical errors in recording legal documents.
- Delivery of deeds after the death of the Grantor (Seller).
OWNERS POLICY: Minimum charge $75.00
Up to $50,000 / $3.00 per thousand
$50,000 to $100,000 / $2.50 per thousand |
