What Every Realtor® Should Know About Owner’s Title Insurance

Your clients need to be protected

You’re a Realtor®, so you know that buying a home can be overwhelming for your clients. Homebuyers can feel confused and frustrated by the mounds of paperwork they must sign. Plus, the fees associated with closing can sometimes be overwhelming even to an experienced buyer.

Owner’s title insurance is one of those items often misunderstood by homebuyers at closing, yet its value is tremendous. As an important advisor to your clients, you are in a position to help homebuyers understand the value of owner’s title insurance and the dangers that can be incurred without it.

What’s title insurance?

Owner’s title insurance is a policy that protects homebuyers’ property rights. For the same reasons the financial institution requires a lender’s insurance policy, the homebuyer obtains owner’s title insurance to help defend claims to the property. For more information about title insurance, please direct your clients to contact Security Service Title Company at 1-888-428-5516.

How it protects

For example, your client recently purchased a new home, but the builder failed to pay the roofer. Wanting to be paid, the roofer filed a lien against the property. Without owner’s title insurance, your client may be responsible for paying this existing debt. This is just one example of how owner’s title insurance protects homebuyers from various significant risks.

Enduring value

The good news is that owner’s title insurance protects homebuyers, as long as they own their home. For a low, one-time fee, homebuyers can rest assured, knowing they are likely protected against existing debts or claims to their property.