F.A.Q.
Frequently Asked Questions
What is title insurance and why do I need it?
A title insurance policy protects the policyholder against a loss that might occur because of a defect in your ownership in real property. Without a title insurance policy, you are on your own to protect your land title.
What is a “defect” in property ownership?
A defect in title is anything that could cause the landowner’s rights to the property to be in question.
Some common defects in title are:
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Forged documents including, but not limited to, deeds, releases, probate documents, etc.
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Lost heirs who may show up and claim ownership, sometimes years after you acquire the property.
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Errors in public records
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Recording mistakes
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Fake deeds from non-existent entities
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Liens, including property taxes, inheritance taxes, child support liens,
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Incorrect property tax information
What does title insurance cost and how often do I need to purchase it?
Unlike other types of insurance, an Owner’s Title Insurance Policy is purchased one time only, at the time of the real estate purchase. It remains in effect for the life of your ownership in the property. In Texas, title insurance premiums are set and regulated by the Texas Department of Insurance. Premiums are based on the sale price of the real property.