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...

Buying your first home is a thrilling - albeit overwhelming - process. Your home is quite possibly the largest investment you'll make in your lifetime, so you'll want to be confident that all aspects of the process are handled correctly. Buying a title insurance policy is an important way to protect your investment. As your trusted Lake of the Ozarks title agency , we're here to help familiarize you with the process. How Title Insurance Works As its name suggests, title insurance insures your title. That is, it insures your right to use and occupy your land, as your title legally allows you to do. Whereas other types of insurance (home, auto, etc) protects against issues that may happen in the future , title insurance guards against issues that may have already occurred  but are yet undiscovered. Examples of these types of issues include: Mistakes in public records Forged or unauthorized signatures in the sale Unpaid liens against the property Unknown easement...