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Title insurance protects you from "hidden risk" due to unforeseen claims that may be asserted to your property. The policy protects from financial loss and payment of all legal costs to defend title claims.

Even though a title search may be extensive and exacting, it is limited to public records, so the possibility of "hidden risk" remains. This is where Homeland's expertise comes in. Records may not reflect claims of missing heirs, false impersonations, forgeries, improperly probated wills, or clerical errors in recording legal documents, so without title insurance, your investment is at risk. But the risks don't stop there. Confusion due to similar or identical names, deeds executed under expired or false powers of attorney, unsatisfied claims not shown in the records, and mistaken interpretation of wills and trusts are just a few of the hidden risks that purchase title insurance and a thorough title search a most prudent one-time investment.

Title insurance differs from other types of insurance in that it protects you, the insured, from loss that may occur from matters or defects from the past. Different types of insurance, such as auto insurance, life insurance, or health insurance, cover you against losses that may occur in the future. Title insurance does not protect against a defect that may originate later.

Some numerous defects or problems can cause an attack or loss of the title to your property. Some of these include problems not disclosed by the most careful search of the public records (the title search). Hidden risks can cause a total loss of your investment or heavy legal expenses to defend a claim. Some title problems may show up months or years after the property's original purchase. The following are examples of some of the matters that can cause a loss of title or an expensive lawsuit: 

• FORGED DEEDS, RELEASES, WILLS, OR OTHER LEGAL DOCUMENTS
• FAILURE OF SPOUSES TO JOIN IN CONVEYANCES
• UNDISCLOSED OR MISSING HEIRS
• DEEDS FROM MINORS, ALIENS, OR PERSONS OF UNSOUND MIND
• ERRORS IN INDEXING OF PUBLIC RECORDS
• LIENS FOR UNPAID TAXES, INCLUDING ESTATE, INHERITANCE, INCOME, OR GIFT TAXES
• ERRONEOUS REPORTS FURNISHED BY TAX OFFICIALS
• MISTAKES IN RECORDING LEGAL DOCUMENTS
• DEEDS FROM DEFUNCT CORPORATIONS
• UNPROBATED WILLS

Title insurance defends you in a lawsuit attacking your title and either corrects the title problem or pays the insured's losses up to the face amount of the policy. The policy also protects you after you sell the property for defects occurring before your ownership that cause a loss to a purchaser if you warranted the title. The title policy guarantees that when the deed was conveyed in the insured's name, the title was free of defects apart from those "excepted to" in the policy.

It's easy! Contact Homeland Title Settlement Agency. This is only an introduction to title insurance. The exact terms and conditions of coverage are provided in your policy.