Why do I need title insurance?

Support Person Icon
Contact us for your next closing!

(270) 300-3998

Why is Title Insurance from Treasure One Title so important to Home Buyers?  

With all the things that can and do go wrong in a real estate purchase, every wise buyer will require an owner’s title policy from the seller before they agree to close on the sale of the property.  There is no end to all the things that can impact and even result in total loss.  If liens exist on the subject property that were not disclosed, guess who becomes responsible for those liens after closing?  The buyer does. 

If it turns out that the seller did not have a 100% fee title for the property,  guess who will lose their new home?  The buyer does.  If it turns out that the seller has done the now common scam of selling you a home, which they do not actually own, guess who loses everything?  That’s right, the buyer. What if it turns out that an undisclosed easement exists across your new property that provides access to a new development? Guess who cannot do anything about it?

That’s right, the buyer.  We can go on and on.  It is the truth that a buyer simply cannot know what they do not know.  Treasure One Title exists to protect you from what you do not know.

Why is Title Insurance from Treasure One Title so important to Home Sellers:   

If you are selling real estate, as a part of the deed of conveyance, you will be guaranteeing the title to the property for the benefit of the buyers unless the buyers are foolish enough to accept a deed without any guarantee. 

So, if a title issue comes up, which results in a loss to the buyers, even if it was something from before you purchased the property, you may be subject to the liability and the litigation it will take for the buyers to recover their losses from you.  An owner’s title policy is cheap insurance, and you need the peace of mind to protect yourself against any such losses and the heartache that comes from it.

Why is Title Insurance from Treasure One Title so important to Realtors? 

Because of the fiduciary relationship that exists between realtors and their clients, it is always essential that the realtor recommends their client purchase a title insurance policy.

In fact, if their client waives the opportunity to insure the title, it would be a great idea to get that in writing to establish that you recommended it, but they decided against it.  Many times, we have even heard of realtors actually suggesting the notion that title insurance is not necessary. 

Without realizing it, these real estate agents have opened the door to litigation should their client experience a loss as a result of not having a title insurance policy.  Title Insurance is something that costs the realtor nothing, failing which, though, could cost them a great deal.

Why is Title Insurance from Treasure One Title so important to Lenders?

You won’t find many, if any, lenders out there who will not require a Lenders Title Insurance Policy. They know very well what is at stake, and so it is never a question of “if” with them. The Lender’s primary concern is first to guarantee that the seller has 100% right to convey.

Secondly, it is to acquire an insured guarantee that no outstanding liens exist against the subject property, which may in any way stand between them and the first lien position. 

Scroll to Top