What Owner's Title Insurance Covers

Most likely there are no hidden risks connected to your new property. However, such risks do exist, often as a result of errors made during past title transfers.

If an error occurred but is not discovered until you buy the property, you may face a hidden risk and your ownership of the property could come into question. Owner's title insurance protects you from such errors, as well as:
  • Protects you from financial loss due to covered claims against your title, up to the face amount of the policy.
  • Pays your legal costs if the title insurance company is required to defend your title against covered claims.
  • Pays successful claims against your title, up to the face amount of the policy.
  • Continues protection after you no longer own the property.

Here are a few of the most common hidden risks that can cause a loss of title or create an encumbrance on property:
  • Forged deeds, releases, or wills
  • Undisclosed or missing heirs
  • Liens for unpaid estate, inheritance, income or gift tax
  • False impersonation of the true owner
  • Confusion caused by similiar names
  • Signatures of minors or persons who are not mentally competent
  • Signatures of persons represented as single but who are acutally married
  • Errors in recording legal documents
  • Clerical errors in public records
  • Invalid documents executed under an expired power of attorney
  • Fraud
  • Invalid divorces
  • Unpaid child support lien
  • Unpaid taxes (local, state, federal)
  • Unrecorded easements (right of way)
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    Gregory Goff - REALTOR & AUCTIONEER
    Exit Realty Bob Lamb & Associates
    2630 Memorial Blvd.
    Murfreesboro, TN
    Mobile: 615 653-0080
    Office:  615 896-5656 Ext. 153
    Email:  ExitRealty@GregoryGoff.com
    Each EXIT Office independently owned and operated.
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