When it comes to protecting your rights as a property owner, start by purchasing an owner’s title insurance policy. A one-time fee to a title company, such as Cambridge Title Company, can protect your property for you and your heirs throughout the duration of property ownership.
An owner’s policy protects you from:
- Missing heirs who could claim the property belongs to him or her
- Missed easements or rights of way that could limit your use of the property
Title insurance policies take on two forms: an owner's policy for the home buyer and a loan policy for the lender. While a majority of lenders require a loan policy based on the value of an when issuing a loan, it only serves to protect the lenders. This is why it's vital to purchase an owner's policy to ensure perpetual protection.
For additional questions on how Cambridge Title Company can help you with an owner or lender policy,
contact us via phone at 224-330-1886 or email at
info@cambridgetitleco.com.
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