Before we go knee-deep into 2017, anyone who wants to buy a piece of property should be aware of the latest title insurance trends. Why is this important for a regular homebuyer? Simply because certain trends can indicate a few reasons why people should buy a title policy this year. Here is what I found out.
The Title Insurance Sector Is Predicted to Increase
As a homebuyer, the growth rate of the title insurance market is probably the last thing on your mind. However, the continuous growth of this sector demonstrates that the title products and services available meet customer demands by providing reliable protection against potential loss should a covered title problem arise.
In addition, owner’s title policies protect homeowners for the entire time they own or have an interest in their homes. For a one-time fee, that’s a really nice guarantee.
Title Insurance Will Continue to Cover the Same Title Faults
Many title problems can keep you from closing on your dream home. In fact, some problems can be so complex that they could postpone the closing for months or years, or even derail it for good. However, a professional title agent can efficiently deal and remedy nearly any title faults, and help you close on your home sooner than you might expect.
The most common title faults include, without being limited to, misrecorded information in public records, past ownership claims, incorrect legal description, illegal deeds, false impersonation, covenants of record, liens and judgments.
Aside from conducting a thorough title search to identify potential title-related issues, an experienced title agent like the professionals who work at Guardian Title & Trust, Inc., can recommend the right coverage level for your property. In the event of a claim filed against the title to your home, we’ll protect your interests, represent you in court, if required, and cover all the costs associated.
Company Performance Can Be an Indicator of Reliability
If you’re looking for the best title insurer, you already know that reading online reviews allows you to see what a company’s reputation is. But that’s not the only thing you need to consider prior to enlisting the services of a title insurer. A company’s performance and growth rate can be used to assess how it compares to its peers and how efficiently it leverages its assets to provide comprehensive title insurance products and services.
At Guardian Title & Trust, Inc., for instance, we continue to operate at national level and thrive year after year. This indicates that we’re not only reliable but also able to offer a wide range of products and services.
In addition to our financial strength and execution capabilities, which have allowed us to pursue new title insurance initiatives, our highly trained and experienced professionals can handle a variety of aspects relating to title insurance on behalf of our customers, in accordance to industry regulations and ALTA Best Practices. This simplifies the entire insurance process for all of our residential and commercial customers.
Given that even a minor title defect can cost you a lot of money, time and stress, my advice would be to hire a team of diligent title agents like Title Guardian & Trust, Inc..
Our professionals are ready to go above and beyond their normal duties in order to resolve even the most complicated title issues. And since we want our customers to have all the information they need to make informed decisions, we encourage you to contact our friendly advisors at (904) 992-1162 with any questions you may have about title insurance.