Arrowhead Title, Inc.

Title insurance is generally considered one of the least-understood forms of insurance, but that does not mean it is any less important. Title insurance works to protect us as we purchase what is often one of the biggest investments of our lives: our homes. This week, the team at our trusted Lake of the Ozarks title company is here to help you get a better understanding of what exactly title insurance is and why it is such a crucial part of the home buying process. TITLE INSURANCE - Owner's vs Lender's Policies Before we delve into the specifics of an owner's policy, we need to make a quick clarification. Title insurance comes in two predominant forms: owner's policies and lender's policies: The Lender's Policy, as its name suggests, serves to protect the lender as he/she make the initial investment on your home. In the event of a defective title or a homeowner who is unable to make their required mortgage payments, the lender's policy will provide...

If you have been following our blog or social media, you are probably comfortably familiar with the importance of purchasing title insurance when buying a home. Title insurance is what protects your right to use and occupy the land you purchase by guarding against hidden hazards that may arise. Examples of these types of hidden hazards can include anything from invalid sales and unauthorized signatures to undiscovered heirs and mistakes in public records. Buying A Home Title insurance comes in two primary different forms: owner's polices and lender's policies. As their names suggest, owner's policies are specifically designed to protect the owner's interests, whereas lender's policies are designed to protect the lender's interests. When you take out a mortgage loan to purchase home, securing a lender's title policy will most likely be nonnegotiable. You will technically have a choice as to whether or not you wish to purchase an owner's title po...

Title insurance comes in two main forms: lender's policies and buyer's policies. While similar, these two policies offer distinctly different services for the parties they serve. If you're planning on buying a Lake of the Ozarks home in 2015, it's important that you know the difference between these policies. Lucky for you, Arrowhead Title, Inc. is here to help! Owner's Policy In the world of title insurance, the owner's policy essentially protects you, the owner of the property, from unforeseen issues down the road. Owner's Title Insurance is purchased at closing for a one-time fee. After this upfront payment, both you and your heirs will be protected from any problems that may arise in the future for as long as you or your heirs and an interest in the property.  The best part? If/when a situation arises that requires the protection of your owner's policy, those issues will be handled at no additional cost to you. Owner's policies o...