Part 1: What every REALTOR® should know about owner’s title insurance
Updated: May 3, 2018
You’re a real estate agent, so you know that buying a home can be overwhelming for many of your clients. Homebuyers can easily feel confused and frustrated by the mounds of paperwork they have to sign. Plus, all the fees associated with closing can sometimes be a surprise even to an experienced buyer.
Owner’s title insurance is one of those items often misunderstood by homebuyers at closing, yet its value is TREMENDOUS. As an important advisor to your clients, you are in the position to help them understand the benefit of owner’s title insurance and the dangers that can be incurred without it.
In the coming weeks, let us equip you with answers to common questionsabout owner’s title insurance to make sure all clients are protected.
Let’s get started!
What is title insurance?
Owner’s title insurance is a policy that protects homebuyers’ property rights. For the same reasons that the bank requires a lender’s insurance policy, a homebuyer obtains owner’s title insurance to protect their legal claims to the property.
Tune in next time to discuss how title insurance protects your clients.
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