Things You Didn't Know About Title Insurance

By this time, you've surely heard that purchasing title insurance is an integral part of any commercial or residential real estate transaction. You've heard that it can protect your most valuable asset in the event of unforeseen hazards, and that it guards your right to occupy and use the land you have purchased. In order to get the most out of your title insurance, though, it's helpful to understand it on a deeper level. 

 Arrowhead Title, Inc. is here to help you gain that deeper understanding! Here is some straightforward, accurate information about the ins and outs of title insurance.

Title Report vs Title Commitment

Having a title report does not mean that you have title insurance. A title report is made after the title issuer has conducted a detailed search of all the public land records for the county where your desired property is located. A title commitment is the official agreement by the title company to provide you with title insurance.

Lender's Policy vs Buyer's Policy

A lender's policy will cover the lender by reimbursing them for the amount that you still owe on your mortgage in the event that an unforeseen issue takes a negative turn. The buyer's policy will cover any financial losses that you might otherwise have had (such as your down payment and any other payments you have made towards the principle).

Extra Info

  • Having title insurance does not cost very much, but not having title insurance could cost you a lot. In the worst case scenario, it could even cost you your house.

  • Sometimes, people try to sell homes that they don't actually own. Title insurance protects you from these fraudulent transactions.

  • If the previous owners failed to pay taxes on the property, a tax lien will have been attached to the property. Without a thorough title search, new buyers may unknowingly inherit these financial obligations.

Title insurance can seem complicated and confusing to a first-time buyer, but with experienced title insurers on your side, the process becomes much more manageable! If you're purchasing property in mid-Missouri, you can trust Arrowhead Title to handle all of your title insurance policies at the Lake of the Ozarks.
Where Accuracy Matters!



Location: Lake Ozark, MO 65049, USA

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