Why Title Insurance?

Home and land ownership is the foundation for our wealth, prosperity and security. Title is the legal term for your right to the possession of your real property.

Once you have decided to purchase a home, you want to be sure that only you can claim possession rights to your home and land. The complexity of real estate laws makes it possible for others to hold legitimate claims against your home.

Liens, such as prior first or second mortgages, unpaid child support, outstanding taxes, forged or falsified documents, invalid deeds, incorrect property descriptions, undisclosed easements, and claims by missing heirs or ex-spouses are some of the many issues that can prevent a buyer from taking ownership or cause questions of ownership down the road.

A title search and title insurance is the buyer’s protection against such action. At Princeton Assurance, it is our responsibility to perform a thorough title investigation and issue title insurance.

Title insurance is the consumer’s protection against any claims that may arise after ownership has been transferred to the new owner. In accordance with the buyer’s contract, the title company will provide legal representation, pay all court fees and, if a claim is valid, reimburse the owner for their actual loss up to the face amount of their policy. All mortgage lenders will require you to have title insurance.