The title of the house is as important as the physical building and the land it occupies. Title insurance provides protection against unexpected property damage that may occur after buying a new home. It protects your money and investments by ensuring you are protected in case of ownership issues.

Whenever you buy a home, your real estate agent or real estate company will check or search for the title to confirm ownership of the property you just purchased. This exploration and search consist of the collection and exploration of all public records containing the ownership of the property in question. New Jersey title insurance company helps you to protect your money and investments.

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These records include wills, liens, deeds, and trusts and can show that property has been properly and lawfully transferred from owner to owner. The inspection also confirms that all decisions and mortgages related to the property have been paid in full.

Title insurance pays your legal fees and indemnifies you for loss of property up to the maximum policy limit. However, title insurance, like other types of insurance, may have certain exceptions and tabs. It is important to make sure you know what type of policy you have, what is covered, and what is not.

If you pay directly for your new home, you can decide whether property insurance is right for you or not. The home buyer is usually responsible for purchasing property insurance, but as a condition of sale, the price may be passed on to the seller.