Title insurance is basically insurance that covers the title, or the deed, of your home. The deed is the paper that proves you are the owner of that home. This is an important type of insurance for any homeowner in many different situations in both personal and business relations.
If you are like most people, you know very little about title insurance. It’s not one of the most common types of insurance offerings after all, and many people who do need the coverage find it complicated and difficult. However, if you are involved in real estate, you may very well need to purchase title insurance ponte vedra to protect your investments. You’ve come to the right place to learn more information about title insurance. Read below to gather a few important title insurance facts.
Title Insurance is Regulated
Did you know that title insurance is regulated by a state agency? This agency oversees all of the companies that provide title insurance coverage to ensure that things are done properly and favorably towards everyone equally. If you feel that there is a mistake with your coverage, you’ll contact the state agency to file a complaint.
More Than the U.S.
Title insurance is a popular product throughout the U.S. However, it is not a product available solely to those who handle U.S. based real estate. In fact, title insurance is also sold in Mexico, Canada, New Zealand, United Kingdom, and even Australia.
A Little Bit of History
Most insurance products have a long-standing history in the world. However, title insurance is one of the newer types of coverage. It has been around now for only about 140 years, which is a fraction of the time of many other types of insurance.