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Title Insurance 101 - Protecting Buyers and Lenders. There are two types of policies, which are: Owner's Title Insurance: Protects the buyer from potential title issues like ownership disputes or liens that could arise after buying the property, securing their ownership rights. Lender's Title Insurance: Protects the lender’s financial interest in the property, covering the loan amount against title defects or claims, ensuring their investment is safe. Make the right choice and opt for the ultimate peace of mind. For any title-related help or query, contact us! sankalptitle.com #SankalpTitle #TitleTransaction #realestateagent #titleinsurance #escrowservices #realestate #titlecompany #realestatetitle #propertytitle #HomeTitleInsurance #titleprotection #TitleExperts #realestateclosings #TitleServices

Common questions for buyers here in BC What is Title insurance? In its simplest form, title insurance protects the lender and homeowner against a number of risks related to the property’s title or ownership. . What does Title Insurance cover? violations of municipal by-laws; encroachments onto an adjoining property; property tax arrears; existing work orders; lack of legal access to the property; unpaid strata assessments; zoning and setback non compliance; forced removal by a governmental authority of a structure built without a required building permit; legal status of any septic system; gap coverage 📍🚚🏡👍📰😎 Read more here: https://lnkd.in/gZ5QQJfg

Title insurance is a crucial safeguard for both buyers and lenders in real estate transactions. It provides protection against any defects in the title of a property that may arise after the purchase. These defects could include errors in public records, undisclosed heirs claiming ownership, or even forgery. Unlike other forms of insurance that protect against future events, title insurance protects against past events that could potentially threaten your ownership rights. It ensures that you have a clear and marketable title, giving you peace of mind and protecting your investment in the property. Without title insurance, buyers and lenders could face significant financial losses or legal battles if issues with the title surface later on. Therefore, obtaining title insurance is a smart and essential step in any real estate transaction, providing valuable protection for all parties involved. #realtors #titleinsurance #closeontime Advantage Title Group

🗣 Legal Indemnities 🗣 During the property due diligence process (as part of a plan to purchase), you may find that there are a range of legal concerns and considerations raised relating to the title deeds. In many situations, there are a range of bespoke insurance solutions that can help with the reduction of these risks. Our in-house team can provide you with the obtaining and understanding of any solution available from across the insurer marketplace, how it will perform, whether it needs to be adapted and whether it is the best option in the individual circumstances. Our expert, Gemma Astbury-Dennis, discusses the importance of the breadth of cover of a policy and the importance of considering 'add-ons' or extensions to cover to meet consequential or additional losses. ⬇ https://lnkd.in/eXMQqiWj

There are primarily two types of title insurance: owner's and lender's. An owner's title insurance policy offers extra protection for the property owner against potential financial risks that may not be identified during title searches. Typically, lenders require borrowers to purchase a lender's title insurance policy, which safeguards the lender in case the seller fails to transfer ownership rights properly. The lender's policy serves as a form of protection for the lender against any resulting loss. https://bit.ly/3xqtFf2

Learn about the benefits of title insurance and how it protects your real estate investment from unexpected legal and financial issues. #HomeBuying

Learn about the benefits of title insurance and how it protects your real estate investment from unexpected legal and financial issues. #HomeBuying

Learn about the benefits of title insurance and how it protects your real estate investment from unexpected legal and financial issues. #HomeBuying

Learn about the benefits of title insurance and how it protects your real estate investment from unexpected legal and financial issues. #HomeBuying

Learn about the benefits of title insurance and how it protects your real estate investment from unexpected legal and financial issues. #HomeBuying