Whats title insurance and who pays for it?
In it’s simplest form Title Insurance is added protection for the Buyer. If another person were to present a valid legal claim to the property, after the purchase, the Buyer is protected. It is extremely rare that such claims happen, but Buyers’ need to be confident when they purchase, that their interests are not in jeopardy. This assurance is so essential to a satisfactory purchase that it is reasonable to expect the Seller will pay the cost of Buyer’s Title Insurance.
