NLIC.org

Agnes Said:

title insurance?

We Answered:

You pay for it once every time you get a title to a property. It covers the purchase price of the property, if it turns out there's a problem with your title of ownership to the property. Example: Five owners ago, someone forged the name of the seller, and now the TRUE owner wants the property back. Or, the registrar of deeds made a mistake 25 years ago, and your lot that you THOUGHT you owned is actually the wrong number, and your ACTUAL lot is in the middle of nowhere, or doesn't exist.