You Have The Right To Choose
Welcome To Victory Title & Escrow!
DO I NEED TITLE INSURANCE?
Title insurance is a means of protecting yourself from financial loss in the event that problems develop regarding the rights to ownership of your property. There may be hidden title defects that even the most careful title search will not reveal. In addition to protection from financial loss, title insurance pays the cost of defending against any covered claim.
BUT THE LENDER ALREADY REQUIRES TITLE INSURANCE, WON’T THAT PROTECT ME?
Not necessarily. There are two types of title insurance. A Lender’s Policy insures that your lender has a valid lien on the property. Most lenders require this type of insurance, and typically require the borrower to pay for it. An Owner’s Policy, on the other hand, protects your interest in the property. Title troubles, such as improper estate proceedings or pending legal action, could put your equity at serious risk. If a valid claim is filed, in addition to financial loss up to the face amount of the policy, your owner’s policy covers the cost of legal defense.