We are kicking off part 3 of our blog series, “Closing Explained.” This week, we’re going to explain what title insurance is and why you need it.

Some of you may be wondering, what’s the purpose of a title company? Don’t they just notarize documents? That’s a fair question, but there is so much more to it than meets the eye! Aside from notarizing documents, sending them to the county to record the transfer, providing settlement, disbursing funds to all parties, clearing title issues, and assisting buyers, sellers, agents, and loan officers, a title company is actually a title insurance agency. By that I mean, we sell insurance to assure the clear title of your property!

Why do you need insurance on the title of your property? The simple answer is because, title is more than a sheet of paper conveying ownership.

For most, buying a home is one of the biggest investments of their lives. Investing so much money can be scary and nerve wracking, so why not protect your biggest purchase? Title insurance is great because it protects against so much, and you only pay for it once! You can’t really beat the value of it.

Another great benefit of title insurance is that it helps protect against any legal title discrepancies that were hidden issues at the time of your purchase. Examples of this are forgery, fraud, issues from prior owners, and even clerical errors. Those examples are all items that are totally out of your control. Why not do what you can, and protect yourself and your home?

Essentially, insuring anything in life gives you peace of mind. Purchasing a home is one of the biggest investments of your life, let yourself rest easy knowing your purchase is safe and your title is clear.