Advantages of Title Insurance
"To buy title insurance, or not to buy title insurance?"
It shouldn't even be a question!
No purchase of real estate at the Lake of the Ozarks will be complete without also purchasing a title insurance policy. Title insurance comes in two primary forms: owner's policies and lender's policies. As their names suggest, owner's policies protect the homeowners and lender's policies protect the mortgage lenders who provide the mortgage loan required to purchase the property. Each type of policy offers distinct benefits. Keep reading to learn more about some of the advantages title insurance offers.
1. Affordable Peace Of Mind
Since it is purchased for a one-time premium when you close on your new property, title insurance is one of the most affordable types of insurance available on the market. In spite of its relatively low price, title insurance offers long-lasting protection. The lender's title policy will remain in effect as long as the loan is active, and the owner's title policy will remain in effect as long as the original owners (or their heirs) have a vested interested in the property. You won't find that type of coverage with any other type of insurance!
2. Protection Of Your Largest Asset
Your home is unarguably the largest investment you will ever make. Even if you buy expensive cars and/or expensive boats, these types of purchases will probably never truly compare to the initial purchase price of your home. Not only that, but as home prices continue to rise over time, your home will likely continue to increase in value the longer you own it. Title insurance protects your right to the property, defending you against unknown hazards that my threaten your ownership of the property.
3. Risk Prevention
(Rather Than Risk Assumption)
Most other forms of insurance operate on the assumption that there will be a claim at some point. You could break your leg, your car could be damaged by hail, your house could be broken into... whatever the case may be, other types of insurance providers assume that something will eventually happen to trigger a claim, at which point their services will be useful.
Title insurance, on the other hand, operates according a risk prevention strategy. Before the title policies are issued, the your title company at the Lake of the Ozarks will conduct a thorough title search. The purpose of this search is to uncover any potential issues ahead of time so that they can be resolved before they have the chance to become problematic. Your title policy will protect you in the event that future hazards arise, but the goal is to prevent them from ever surfacing in the first place.
Remember Arrowhead Title For Your Title Needs At The Lake!
When it comes time to purchase a lot, business or home, you will have to appoint a title insurance agency to facilitate your transaction. If you are looking for a title agency at the Lake of the Ozarks, we hope you'll remember the team at Arrowhead Title, Inc. Our experienced professionals have been serving the Lake Area since 1984, and we would be honored to assist with your next transaction. Give us a call to get started! 573-302-1950.
The Lake of the Ozarks' Most Trusted Title Company
Where Accuracy Matters!
It shouldn't even be a question!
No purchase of real estate at the Lake of the Ozarks will be complete without also purchasing a title insurance policy. Title insurance comes in two primary forms: owner's policies and lender's policies. As their names suggest, owner's policies protect the homeowners and lender's policies protect the mortgage lenders who provide the mortgage loan required to purchase the property. Each type of policy offers distinct benefits. Keep reading to learn more about some of the advantages title insurance offers.
1. Affordable Peace Of Mind
Since it is purchased for a one-time premium when you close on your new property, title insurance is one of the most affordable types of insurance available on the market. In spite of its relatively low price, title insurance offers long-lasting protection. The lender's title policy will remain in effect as long as the loan is active, and the owner's title policy will remain in effect as long as the original owners (or their heirs) have a vested interested in the property. You won't find that type of coverage with any other type of insurance!
2. Protection Of Your Largest Asset
Your home is unarguably the largest investment you will ever make. Even if you buy expensive cars and/or expensive boats, these types of purchases will probably never truly compare to the initial purchase price of your home. Not only that, but as home prices continue to rise over time, your home will likely continue to increase in value the longer you own it. Title insurance protects your right to the property, defending you against unknown hazards that my threaten your ownership of the property.
3. Risk Prevention
(Rather Than Risk Assumption)
Most other forms of insurance operate on the assumption that there will be a claim at some point. You could break your leg, your car could be damaged by hail, your house could be broken into... whatever the case may be, other types of insurance providers assume that something will eventually happen to trigger a claim, at which point their services will be useful.
Title insurance, on the other hand, operates according a risk prevention strategy. Before the title policies are issued, the your title company at the Lake of the Ozarks will conduct a thorough title search. The purpose of this search is to uncover any potential issues ahead of time so that they can be resolved before they have the chance to become problematic. Your title policy will protect you in the event that future hazards arise, but the goal is to prevent them from ever surfacing in the first place.
Remember Arrowhead Title For Your Title Needs At The Lake!
When it comes time to purchase a lot, business or home, you will have to appoint a title insurance agency to facilitate your transaction. If you are looking for a title agency at the Lake of the Ozarks, we hope you'll remember the team at Arrowhead Title, Inc. Our experienced professionals have been serving the Lake Area since 1984, and we would be honored to assist with your next transaction. Give us a call to get started! 573-302-1950.
The Lake of the Ozarks' Most Trusted Title Company
Where Accuracy Matters!
Hi
ReplyDeleteThanks for sharing your ideas,
At RPM, we understand the value of this service to accountants and agents. Therefore, RPM is introducing “audit-only” service for CPA’s and Agents!
Refunds mailed directly to your clients
Insurance Audit Services in USA
US Insurance Payment Processing
Collection/payment provisions with most carriers (if balance is owed), thus softening the financial burden
If a discrepancy is found, RPM will generate an audit dispute with the back-up info provided!
“Hands-free” peace of mind!