9 Fun Facts About Title Insurance
Title insurance is a crucial part of buying real estate, whether a home, business, or commercial or residential plot of land. Without title insurance, your right to use and occupy your new property may be hindered by rights and claims asserted by others - potentially even years after the closing date. Despite its incredible importance, title insurance is largely misunderstood (if it's understood at all) in the general community. Arrowhead Title, Inc. is here to educate you on our unique industry by filling you in on these fun facts about title insurance.
Fun Facts About Title Insurance
1. Benjamin Franklin was the first person to come up with the concept of title insurance.
2. Title insurance's primary focus is proactive, not reactive - it aims to prevent issues from ever arising in the first place.
3. Title insurance is available in several other countries (not just the States). For example, it is used in Northern Ireland, Canada, Mexico, New Zealand, Australia, China, Korea, United Kingdom, and the rest of Europe.
4. Title searches were first guaranteed for accuracy starting in 1868.
5. Pennsylvania was the first state to instate a law allowing title insurance.
6. Title insurance is regulated by state insurance agencies.
7. The first title company, established in Pennsylvania, was called The Law Property Assurance and Trust Society.
8. The job title for individuals who first performed title abstracts was "conveyancer."
9. The very first title insurance policy was issued in 1871.
Arrowhead Title Is Here For Your Title Needs At The Lake
When you are buying real estate at the Lake of the Ozarks, finding a reliable title company is essential. Though owner's title policies are not required (and lender's title policies are only necessary if you are obtaining a mortgage loan), we strongly encourage you to consider purchasing an owner's title policy as well. The lender's policy will not protect you, the buyer, in the event that someone stakes a claim on your land - the buyer's policy is the only one that will offer the protection you need. Since title insurance is purchased for a one-time premium, it is one of the most affordable forms of insurance available on the market today.
For more information about our title services at the Lake of the Ozarks, visit our website at www.ArrowheadTitle.com. We look forward to answering your questions.
The Lake of the Ozarks' Most Trusted Title Company
Where Accuracy Matters!
Fun Facts About Title Insurance
1. Benjamin Franklin was the first person to come up with the concept of title insurance.
2. Title insurance's primary focus is proactive, not reactive - it aims to prevent issues from ever arising in the first place.
3. Title insurance is available in several other countries (not just the States). For example, it is used in Northern Ireland, Canada, Mexico, New Zealand, Australia, China, Korea, United Kingdom, and the rest of Europe.
4. Title searches were first guaranteed for accuracy starting in 1868.
6. Title insurance is regulated by state insurance agencies.
7. The first title company, established in Pennsylvania, was called The Law Property Assurance and Trust Society.
8. The job title for individuals who first performed title abstracts was "conveyancer."
9. The very first title insurance policy was issued in 1871.
Arrowhead Title Is Here For Your Title Needs At The Lake
When you are buying real estate at the Lake of the Ozarks, finding a reliable title company is essential. Though owner's title policies are not required (and lender's title policies are only necessary if you are obtaining a mortgage loan), we strongly encourage you to consider purchasing an owner's title policy as well. The lender's policy will not protect you, the buyer, in the event that someone stakes a claim on your land - the buyer's policy is the only one that will offer the protection you need. Since title insurance is purchased for a one-time premium, it is one of the most affordable forms of insurance available on the market today.
For more information about our title services at the Lake of the Ozarks, visit our website at www.ArrowheadTitle.com. We look forward to answering your questions.
The Lake of the Ozarks' Most Trusted Title Company
Where Accuracy Matters!
Excellent post
ReplyDeleteDemetrios Florakis
Thanks a lot very much for the high quality and results-oriented help. I won’t think twice to endorse your blog post to anybody who wants and needs support about this area.
ReplyDeletefire and safety course in chennai
Your new valuable key points imply much a person like me and extremely more to my office workers. With thanks; from every one of us.
ReplyDeletesafety course in chennai
Thanks for sharing the blog, seems to be interesting and informative too. Can you suggest some of the interesting places to visit for Insurance Online
ReplyDeleteWow! Great post. thanks for sharing this. This is really helpful. Keep up the good work. Fort Saskatchewan Car Insurance
ReplyDeleteI will recommend anyone looking for Business loan to Le_Meridian they helped me with Four Million USD loan to startup my Quilting business and it's was fast When obtaining a loan from them it was surprising at how easy they were to work with. They can finance up to the amount of $900,000,000.000 (Nine Hundred Million Dollars) in any region of the world as long as there 1.9% ROI can be guaranteed on the projects.The process was fast and secure. It was definitely a positive experience.Avoid scammers on here and contact Le_Meridian Funding Service On. lfdsloans@lemeridianfds.com if you looking for business loan,Thanks.
ReplyDeleteLeslie,
Thanks for sharing the blog, seems to be interesting and informative too. Can you suggest some of the interesting places to visit for Insurance Plans
ReplyDelete
ReplyDeleteAmazing article! I need individuals to know exactly how great this data is in your article. It's fascinating, convincing substance. Your perspectives are much like my own particular concerning this subject.Metis Marketing Services Pvt Ltd
Awesome post, and incredible site. Much obliged for the data!Metis Marketing Services Pvt.Ltd.
ReplyDeleteAmazing article! I need individuals to know exactly how great this data is in your article. It's fascinating, convincing substance. Your perspectives are much like my own particular concerning this subject. Metis Marketing Services Pvt Ltd
ReplyDeleteThanks for sharing the blog, seems to be interesting and informative too. Can you suggest some of the interesting places to visit for Travel Insurance
ReplyDelete. I was wondering to search this 2 months earlier. I think you should write something on Uk Insurance Facts
ReplyDeletevery useful, Nice Post.
ReplyDeleteIt has been simply incredibly generous with you to provide openly what exactly many individuals would’ve marketed for an eBook to end up making some cash for their end, primarily given that you could have tried it in the event you wanted.
ReplyDeletechartered accountant firms in dubai
Your new valuable key points imply much a person like me and extremely more to my office workers. With thanks; from every one of us.accounting firms in dubai
ReplyDeleteI like this post, And I figure that they have a great time to peruse this post, they might take a decent site to make information, thanks for sharing it to me
ReplyDeletetravel insurance company near me
Decent and significant blog, In this occupied and costly world, I accept the vast majority of the individuals will go for this advances as they are the lifelines at some circumstance I am looking for a spot which gives the best land title loan.
ReplyDeleteWow! I am having fun learning more about interesting facts on closing attorney Leesburg. Please more of your unique content related to this matter.
ReplyDeleteThank you for making this article, we have so much to learn from this. Informative and knowledgeable. Meanwhile, If you are interested and looking for best Title Company in NJ you may visit there. You can also check our available services to offer. Thank you and Godbless!
ReplyDeleteGreat article, I really appreciate the hard work behind this article. If you looking for best title insurance company in njbest title insurance company in nj please visit our website, Thank you.
ReplyDeleteThanks for this blog, this is a well detailed blong on Title insurance
ReplyDeleteGreat Article, For Title insurance services visit my website: New Jersey Title Insurance Company
ReplyDeleteReally very informative and the way you present your information attracts visitors to read a more informative blog from your website. So I look forward to seeing the next update. Find the best Title Company in South Jersey.
ReplyDeleteThanks for the interesting blog. Your brains and knowledge are quite impressive; I respect and admire you. This site is quite helpful to many people. Here's anything associated with South Jersey Title Companies Thank you for sharing it
ReplyDeleteThe blog is very knowledgeable, thanks for sharing this information. If are you looking for NJ Title Insurance Company than you should contact with South Jersey Settlement Agency. Their team is efficient, knowledgeable, and always available to answer any questions.
ReplyDeletethanks for providing great information. If someone looking for Digital Marketing Agency in Delhi contact now by clicking on it.
ReplyDelete