Important Considerations When Purchasing Title Insurance

East Rockaway attorney Marc Rovner specializes in title insurance and teaches continuing education classes in the areas of title insurance and real estate. As a staff attorney for a multi-million dollar title insurance company, Marc Rovner oversees a legal department of dozens of attorneys spanning several states.

A lender’s insurance policy is sometimes necessary when you’re getting a home loan. While completely optional, an owner’s title insurance policy is often recommended. When you’re buying the owner’s title insurance, it’s crucial that you pick a closing agent that has your best interests in mind and has a proven track record.

Once you close on the property, your closing agent should record the deed with your county’s records office. It’s a good idea to confirm this actually happened by either calling the records office or visiting in person. Make sure all the information, including name and address, was recorded correctly.

After the title is insured, keep a copy of the insurance policy along with the title in a safe place along with your closing protection letter. Title defects may arise at any time, so you should always know where your title insurance is to address them.