Title Insurance vs Homeowners Insurance
Title Insurance protects you from things that have already happened, but are unknown or hidden.
Homeowners Insurance protects you from what might happen.
Title Insurance Covers Things Like…
- A defect in title caused by forgery, fraud, undue influence, duress, or incompetency.
- A defect in title caused by an undisclosed prior mortgage or other liens.
- No right of access to and from the land.
- A defect in title caused by improper execution of documents.
- A defect in title caused by documents not being properly filed, recorded, or indexed in the Public Records.
- One time premium.
Homeowners Insurance Covers Things Like…
- Damage to the contents of your home.
- Theft of personal property in your home.
- Living expenses if your home is uninhabitable.
- Damage to your home caused by fire, hail, windstorm, and vandalism.
- Personal liability for bodily injury or accidents to guests in your home.
- Structural damage to your home or detached structures.
- Annual premium.