Title insurance is useful in the event that you are selling a house and want to protect yourself as well as the buyer. Title insurance will cover you and the person buying your home in the event there was something noticed that wasn’t picked up by inspection. Title insurance varies as far as what it costs, and it depends on the price of your home. It also varies in the sense that each state has different standards for what the title insurance will cost.
- Title insurance protects the seller and the buyer before, during, and after the sale.
- The price of the title insurance is based on how much you paid for your home.
- Regulations on title insurance vary greatly depending on what state you are in.
“For a real estate deal, Title insurance plays an essential purpose: it covers sellers and investors from financial damages arising from errors or conflicts not detected before the property was sold.”