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1 minute read
Reducesyourrisk
Very few people in this world like risk. Your owner ’ s title policy covers potential issues that could surface after you purchase your home or property. An owner ’ s title policy is the best way to reduce risk and protect yourself from unknown legal and financial discrepancies.
Protectedfromunexpected
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Your owner ’ s title policy does protect you from unexpected title claims, and there are a number of unforeseen issues that could arise such as improperly worded documents, outstanding mortgages, liens and judgements, easements, pending legal actions against properties that may affect the buyer, false notary acknowledgements, forged signatures, unknown heirs who may try to claim ownership, mistakes in public records, and documents executed under expired conditions.
One-timefee
An owner ’ s title insurance policy is a one-time fee that typically costs around 0.5% of the home or property’s purchase price. And remember your one-time investment lasts as long as you or your heirs own the home. A new policy is not needed when you pass along ownership to them.