Why Title Insurance?
When you buy a home, you want to be certain it's safely yours. But
even the most diligent search of the public records could fail to
disclose a number of title defects. For instance:
A forged will or deed
Title transfer by someone under age
A married person conveying real estate without his or her spouse
Are homeowners helpless against these
and other pitfalls?
Absolutely not. You can safeguard your real estate investment
against these and other "horrors" with an owner's title insurance
policy from Garden State Abstract Company.
First, a service known as a title search describes - as
well as possible - the conditions and quality of the title to the
land you are buying. Then, your title insurance protects you
against mistakes or threats that might otherwise result in financial
loss to you - including those hidden, unknown items.
Your title insurance protection is a permanent assurance
that your ownership and use will be defended promptly against claims
at no cost to you, whether the claim is valid or not.
Who does title insurance protect?
There are two basic types of title insurance protection - on for
the mortgage lender and one for the homeowner or real estate
If a mortgage is to be placed on your new home, the mortgage
lender will probably require that you purchase title insurance to
protect the institution's position as a holder of a mortgage loan.
But this mortgagee's title insurance policy doesn't protect you, the
homeowner. You need an owner's title insurance policy to protect
You pay only once. There are no renewal premiums, and
there is no expiration date on the policy. Yet the protection lasts
as long as you, or your heirs, retain an interest in the property.
How much does title insurance cost?
The real estate you own represents stability, permanence and the
hope of the future. Don't take a chance and let your property be
taken from you because of a flaw in the title. It makes good sense,
for the relatively small amount it costs, to protect yourself with
At Garden State Abstract Company, we've
been protecting homeownership and real estate investments for years.
need us, call us. We'll make sure you're protected.