{"id":704,"date":"2016-05-04T07:15:22","date_gmt":"2016-05-04T11:15:22","guid":{"rendered":"http:\/\/www.flestatelaw.com\/?p=704"},"modified":"2019-05-13T18:14:46","modified_gmt":"2019-05-13T18:14:46","slug":"7-reasons-why-every-homebuyer-needs-owners-title-insurance","status":"publish","type":"post","link":"https:\/\/localwebdesigncompany.com\/goodwinlaw\/2016\/05\/04\/7-reasons-why-every-homebuyer-needs-owners-title-insurance\/","title":{"rendered":"7 Reasons Why Every Homebuyer Needs Owner\u2019s Title Insurance"},"content":{"rendered":"<p>\t\t\t\tBuying a home is an exciting and emotional time for many people. To help you buy your home with more confidence, make sure you get owner\u2019s title insurance. Here\u2019s why it\u2019s so important for you.<\/p>\n<h2>1.\u00a0\u00a0\u00a0 Protects Your Largest Investment<\/h2>\n<p>A home is probably the single largest investment you\u2019ll make in your life. You insure everything else that\u2019s valuable to you\u2014your life, car, personal property, health, pets, jewelry, etc.\u2014so why not your largest investment? For a one-time fee, owner\u2019s title insurance protects your property rights for as long as you or your heirs own the home.<\/p>\n<h2>2.\u00a0\u00a0\u00a0 Reduces Your Risk<\/h2>\n<p>If you\u2019re buying a home, there are many hidden issues that may pop up after purchasing it. Getting an owner\u2019s title insurance policy protects you from legal title discrepancies. Don\u2019t think it will happen to you? Think again. Here are just some of the many situations that you\u2019ll be protected from if you have owner\u2019s title insurance.<\/p>\n<p>Unforeseeable title claims, such as:<\/p>\n<ul>\n<li>Forgery: making a false document\n<ul>\n<li>For example, the seller misrepresents the identity of the person selling the property.<\/li>\n<\/ul>\n<\/li>\n<li>Fraud: deception to achieve unfair gain\n<ul>\n<li>For example, someone steals your identity and either sells your house without your knowledge or consent, or takes out a second mortgage on the property and walks away with the money.<\/li>\n<\/ul>\n<\/li>\n<li>Clerical error: inconsistent paperwork and historical records\n<ul>\n<li>For example, an unforeseeable discrepancy in the property or fence line causes confusion in ownership rights.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Unexpected title claims, such as:<\/p>\n<ul>\n<li>Outstanding mortgages and judgments, or liens against the property because the seller didn\u2019t pay required taxes<\/li>\n<li>Pending legal action against the property that could affect your ownership<\/li>\n<li>An unknown heir of a previous owner who is claiming ownership of the property<\/li>\n<\/ul>\n<h2>3.\u00a0\u00a0\u00a0 You Can\u2019t Beat the Value<\/h2>\n<p>Owner\u2019s title insurance is a one-time fee that\u2019s very low relative to the value it provides. It typically costs around 0.5% of a home\u2019s purchase price.<\/p>\n<h2>4.\u00a0\u00a0\u00a0 Covers Your Heirs<\/h2>\n<p>As long as you or your heirs own your home, owner\u2019s title insurance protects your property rights.<\/p>\n<h2>5.\u00a0\u00a0\u00a0 Nothing Compares<\/h2>\n<p>Home insurance and warranties protect only the inside of the home. Getting owner\u2019s title insurance ensures your family\u2019s property rights stay protected.<\/p>\n<h2>6.\u00a0\u00a0\u00a0 8 in 10 Homebuyers Agree<\/h2>\n<p>Each year, more than 80% of America\u2019s homebuyers choose to get owner\u2019s title insurance.<\/p>\n<h2>7.\u00a0\u00a0\u00a0 Peace of Mind<\/h2>\n<p>If you\u2019re buying a home, owner\u2019s title insurance lets you rest assured, with the knowledge that you won\u2019t be stuck with certain existing debts or legal problems once you\u2019ve closed on your new home.<\/p>\n<h2>More Homebuyer Tips &amp; Information<\/h2>\n<p>The American Land Title Association helps educate homebuyers like you about title insurance so you can protect your property rights. Check out <a href=\"http:\/\/www.homeclosing101.org\/company\/?id=1143419&amp;stateCode=FL&amp;city=Naples\" target=\"_blank\">www.homeclosing101.org<\/a> to learn more about title insurance and the home closing process.<\/p>\n<p>*<em>This advertising offers a brief description of insurance coverages, products and services and is meant for informational purposes only. Actual coverages may vary by state, company or locality. You may not be eligible for all of the insurance products, coverages or services described in this advertising. For exact terms, conditions, exclusions, and limitations, please contact a title insurance company authorized to do business in your location.<\/em>\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Buying a home is an exciting and emotional time for many people. To help you buy your home with more confidence, make sure you get owner\u2019s title insurance. Here\u2019s why it\u2019s so important for you. 1.\u00a0\u00a0\u00a0 Protects Your Largest Investment A home is probably the single largest investment you\u2019ll make in your life. You insure [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":710,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[55,56],"tags":[],"_links":{"self":[{"href":"https:\/\/localwebdesigncompany.com\/goodwinlaw\/wp-json\/wp\/v2\/posts\/704"}],"collection":[{"href":"https:\/\/localwebdesigncompany.com\/goodwinlaw\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/localwebdesigncompany.com\/goodwinlaw\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/localwebdesigncompany.com\/goodwinlaw\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/localwebdesigncompany.com\/goodwinlaw\/wp-json\/wp\/v2\/comments?post=704"}],"version-history":[{"count":1,"href":"https:\/\/localwebdesigncompany.com\/goodwinlaw\/wp-json\/wp\/v2\/posts\/704\/revisions"}],"predecessor-version":[{"id":5673,"href":"https:\/\/localwebdesigncompany.com\/goodwinlaw\/wp-json\/wp\/v2\/posts\/704\/revisions\/5673"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/localwebdesigncompany.com\/goodwinlaw\/wp-json\/wp\/v2\/media\/710"}],"wp:attachment":[{"href":"https:\/\/localwebdesigncompany.com\/goodwinlaw\/wp-json\/wp\/v2\/media?parent=704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/localwebdesigncompany.com\/goodwinlaw\/wp-json\/wp\/v2\/categories?post=704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/localwebdesigncompany.com\/goodwinlaw\/wp-json\/wp\/v2\/tags?post=704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}