What homebuyers need to know about title insurance

Title Insurance Information for Kentucky Mortgage Loans home mortgages. What is Title Insurance? Owners title insurance and Lender title insurance differences?

Title Tracks: News From The World Of Title Insurance

At some point during your homebuying process, the topic of title insurance is likely to come up. Like most types of insurance, title insurance is better to have and not use than need it and not have it available. But what is it, why do you need it, and how does it work?

 

What is title insurance?

 

Title insurance is a specialized insurance policy that protects you and your mortgage lender against mistakes made in a title search. If you find a home and there’s not a clear title to it, title insurance protects the bank – and you – if there’s a problem. A clear title means you’ll be able to occupy and use the property the way you want, and that you’re able to sell or pledge your property as security for a loan.

 

There are generally two types of title insurance: lender’s and owner’s…

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