Important Questions to Ask About Title Insurance

Title Insurance

Whether you’re buying a house for the first time or the fifth time, there are a lot of different questions and concerns to consider throughout the process. One of the most important aspects of buying a house is making sure that you have ample title insurance.

If you’ve never invested in title insurance before, this is a good time to ask questions and get the information you need to make an informed decision. Let’s take a look at some of the most important questions you can ask about title insurance.

What Kind of Coverage Do I Need?

Title insurance is an essential part of home ownership. Without it, you may find yourself having to fight for the right to continue living in your home. Problems with fraud, forgery, and undisclosed heirs can lead to a wide variety of complications down the line.

So, to answer this question, you need the coverage that is going to protect your future. To get more information on the specifics of your situation and what your options are, give us a call to talk it over with you. We’ll make sure that your future is protected.

Who Handles the Cost of Title Insurance?

In the state of Maryland, the home buyer is usually responsible for the cost of title insurance. This can often lead to many home buyers trying to avoid it altogether. However, when you work with a trusted title insurance company, we’ll make sure that your insurance not only meets your needs, but your budget as well.

Depending on your circumstances, the cost can be shared between the buyer and the seller. This can happen if you’re a first-time buyer or if you’re dealing with a short sale. This is something you can bring up with your real estate agent during the buying process if you have more questions.

How Long Will My Title Insurance Last?

Thankfully, you will only need to purchase title insurance one time per property. As long as you and your heirs own the property, your title insurance will be valid. However, it should be noted that your policy will only protect you from issues that occurred previously. That is to say that liens that arise during your home ownership as a result of your own actions will not be covered by your title insurance.

Call on Armour Title When You Need Protection

If you’re looking for title insurance in Maryland, call on Armour Title today. We can help you find the right policy for your home and your needs. Give us a call at 1.877.TITLE.30 with your questions. You can also get a free quote right here.

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