When I buy a home and protect it with title insurance, what happens in the event someone should challenge my ownership of the property five or ten years after the purchase?
You notify the title insurance company which, in accordance with the terms of the policy, undertakes, at its expense, defense of the title. If the claim reaches the courts, the title company retains attorneys and bears the expense of defending the suit. This is true whether your period of ownership is a day or a generation or more.
Related Questions
- When I buy a home and protect it with title insurance, what happens in the event someone should challenge my ownership of the property five or ten years after purchase?
- Under the ‘Low Cost Home Ownership Scheme, what happens if I wish to sell the property?
- How does title insurance protect my property should a claim arise?
