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Showing posts with the label Owner's Title Policy Lake of the Ozarks

5 Reasons Every Homeowner Needs Title Insurance

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A home is probably the single largest investment you will make in your life. You insure everything else that’s valuable to you—your life, car, health, pets, etc., so why not your largest investment? There's many reasons you should want to protect the investment of your home. So, this week, the best title insurance company at the Lake of the Ozarks is sharing with you 5 reasons every homeowner should invest in title insurance. Take a look: 1. REDUCES YOUR RISK If you’re buying a home, there are many hidden issues that may come up only after you close. Getting an owner’s title insurance policy is the best way to protect yourself from unforeseen legal and financial title discrepancies. Homeowners insurance and warranties protect only the structure and belongings of your home. Getting owner’s title insurance ensures your family’s property rights stay protected. 2. FOR THE RECORDS Regardless of the reason you choose title insurance, it puts your name as the owner on the record...

2 Quick And Crucial Facts About An Owner's Title Policy

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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 provi...