Why Title Insurance is so Important

June 5, 2017

June is National Insurance month! One of the most undervalued and overlooked types of insurance is title insurance. Buying a home is the largest investment that most people will make in their lives. In order to protect your investment, it is essential that title insurance be purchased. Title insurance is designed to protect you if someone other than an owner claims to have a legal right to the property. If that right can be established, this person can claim the property outright or make demands on the owner as to its use. Title insurance is a one-time premium that is directly related to the value of your home and typically is less expensive than even an annual premium for car insurance. It is a small investment that continues to provide coverage for as long as you or your heirs own the property. K&B is an issuing agent for Old Republic Title Insurance and Commonwealth Land Title Insurance Company and our real estate group works to help protect owners every day. If you have questions about title insurance, feel free to give us a call.