What is “Chain of Title” and How Does it Protect Your Investment?
Title insurance protects property owners' right to use and occupy their land. For some homes and/or properties, the title can be limited by rights and claims asserted by other individuals. If someone else brings a claim against your property, your ability to use and enjoy the land may be reduced and/or you may suffer great financial loss. That's where title insurance comes in. Title insurance is your first line of defense against these potential hazards. Property is often the biggest investment most people make in their lifetimes, and it is crucial to protect this investment with title insurance. Title Insurance Focuses on Risk Prevention Whereas other forms of insurance guard against risks by assisting you after an incident occurs, title insurance manages your risks by focusing on preventing risks BEFORE they occur. In order to do this, title insurance companies rely heavily on something that is known as "chain of title." What is "Chain of Tit...