Wednesday, November 30, 2011

Real Estate Title Insurance Explained

When buying a home or other Real Estate one of the things that buyer’s will try to figure out is whether or not they should purchase Real Estate title insurance. Often times I find that some buyer’s really struggle over this decision because of the pretty hefty expense involved. Real Estate title insurance is certainly not inexpensive!

While title insurance is a one time expense, it can be tough for a buyer who lacks a lot of funds in reserve to come up with such a substantial expenditure at closing. Real Estate title insurance can easily run into thousands of dollars in a home purchase.

Real Estate title insurance policies however differ from other types of insurance as there is no monthly premiums .Title Insurance is a one time expense covering the owner until the property is sold to the next buyer. One of the questions I often get by my clients is “should I purchase title insurance’?

Let me first explain the definition of title insurance is and what this special insurance covers. Real Estate title insurance is an insurance that covers financial loss from defects in title to real property and from the invalidity of mortgage liens.

A title policy is put in place to protect an owner’s or lender’s financial interest in a property against loss due to title defects, liens or other matters. This type of insurance will defend against a lawsuit attacking the title as it is insured, or reimburse the insured for the monetary loss incurred, up to the dollar amount of insurance provided for in the policy. To see the full article with an in depth discuss on what Real Estate Title Insurance does click the link which will take you to the Massachusetts Real Estate Blog.

About the Author: The above Real Estate information on Real Estate title insurance was provided by Bill Gassett, a Nationally recognized leader in his field. Bill can be reached via email at or by phone at 508-435-5356. Bill has helped people move in and out of Metrowest Massachusetts for the last 25+ Years.

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