Why on earth does anyone need Owners Title Insurance if a Title Search has already been done?
Owner’s Title Insurance and a Title Search are like apples and oranges — they’re two entirely different things. And both are necessities. A Title Search is only as good as the records kept in any County Registry of Deeds and Probate Court. If a problem does not appear in the records, or appears before the established cut-off date for the search, you, not the Title Company, are at risk and liable to resolve any problem(s). In stark comparison, Owner’s Title Insurance protects you against the unforeseen — the many HIDDEN RISKS which can affect a property title, EVEN IF a professional, meticulous and accurate Title Search is performed. For example: looking at records in a Title Search will rarely uncover forged documents, documents signed by a minor or someone under duress. Just as important, there can be mortgages, liens, easements and restrictions on a property — NOT found due to data entry or indexing errors in the County records. Any one of these problems could prove financially co
