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What every REALTOR® should know about owner’s title insurance: Part 2

Last time, we covered the question, “What is title insurance?” This week let’s discuss how it protects your clients.

How it protects your clients

Say, for example, your client recently purchased a new home from a builder, but the builder failed to pay the roofer. Wanting to be paid, the roofer filed a lien against the property. Without owner’s title insurance, your client would be responsible for paying this existing debt—meaning they’d be paying the roofer out of pocket instead of purchasing something nice for their new home, like new living room furniture. This is just one example of how owner’s title insurance protects homebuyers from various significant risks. With owner’s title insurance, your client would be protected from certain legal or financial responsibilities.

Tune in next time to discuss what title insurance covers. Don’t forget to like our Facebook page, so you don’t miss any of the blog posts in this series! If you missed the first blog, you can find it here. As always, don’t forget to request a Luckett location on your next real estate contract!

 

 

 

 

The opinions expressed in this blog solely belong to the contributors/authors and do not necessarily reflect the views of Luckett Land Title, Inc, Luckett Law Office, PLLC, and/or other entities in the Luckett family of companies (hereinafter, “Luckett”). While every caution has been taken to provide our audience with accurate information and honest analysis, please use discretion before making any decision based on the information in this blog. Neither Luckett nor the contributors/authors will compensate a reader/viewer in any way whatsoever if he or she happens to suffer a loss/inconvenience/damage because of/while making use of information in this blog.