Title Insurance is a type of insurance that guarantees ownership interest in real estate. Title insurance is different from most other forms of insurance that readily come to mind like health, medical, life and even automobile insurance. The function of most other forms of insurance is simply assuming your risk. These insurance companies provide financial protection to their policy holders by preventing loss arising out of unforeseen future events. In order to keep the insurance in place, ongoing payments or premiums are necessary.

Why do I need Title Insurance?

The primary purpose of Title Insurance is to eliminate risk and prevent losses caused by defects in title arising out of events that have happened in the past. Each new possession of a property can affect the title, such as: refinancing, a tax lien, an encroachment by a neighbor, or the marriage, divorce, or death of an owner. Only a diligent search of a complete database of title records by an experienced title examiner will discover these potential defects.

Why Strother Wilbourn Land Title Company?

Title professionals at Strother Wilbourn Land Title search public records to see if any outstanding matters can affect your rights as a buyer. Once these issues are identified, we can work to remedy any problems that could keep you from having a "clear" title. If Title problems do arise in spite of a title insurance company's research, title insurance will pay the cost of defending against an attack on the title as insured, as well as any other valid claims.A title insurance policy is issued for a reasonable, one-time fee.

Why Lenders Like It...

Simply stated then, Title insurance removes risk--risk to one who owns property or to those who lend money on a piece of property. Lenders rely on title professionals to ensure that they will not be affected by unforeseen title problems.