Pierce
County
Abstract & Title
Company,
Inc.,
provides
title
insurance
and
insured
closing
services
from First American Title Insurance Company and Stewart Title Guaranty Company. These are two of the top three underwriters in the state of Wisconsin.
Follow these links from
our underwriters to find
more information about
how title insurance can
protect your most important
investment:
First
American
Title
Insurance
Company:
Second
Generation Eagle Owner's Policy
Real
Estate Glossary
70+Ways
to Lose Your Property
Homeowners
Checklist
Q&A:
Title Insurance for Property
Owners
Stewart
Title
Guaranty
Company:
The
Six Basic Steps of Closing
Why
Title Insurance
Frequently
Asked Questions
With
few
exceptions,
a home
represents
the
largest
single
investment
most
people
make
in
their
lifetime. Thus
it
is
only
natural
that
an
owner
will
want
to
make
that
investment
secure
by
protecting
the
basic
proof
of
ownership. Title
insurance
is
the
most
effective
and
low
cost
way
of
doing
just
that.
What
is Title Insurance?
Wouldn't
an abstract show property
limitations and restrictions?
What
type of problems does Title
Insurance protect me from?
Are
there different types of
Title Insurance policies?
When
does Title Insurance expire?
Who
is responsible for the Title
Insurance, the seller or buyer?
What
is the cost of Title Insurance?
What
is prior title evidence?
Is
all Title Insurance the same
from all companies?
For additional information,
see our Services
page.
What
is
Title
Insurance?
Title Insurance is an insurance
policy that protects you,
the insured, from claims
on the property in regard
to ownership. It protects
you against problems that
occurred before you became
the owner of the property.
Title insurance also defends
you in the case of anyone
filing a claim against
your property. Defending
your property against a
false claim can be costly
and time consuming.
Wouldn't
an
abstract
show
property
limitations
and
restrictions?
Maybe - and maybe not.
An abstract is a history
of the property title as
revealed by the public
records. Abstracts may
contain errors and do not
disclose "hidden hazards" that
can threaten your property
title if you do not have
a title insurance policy.
What
type
of
problems
does
Title
Insurance
protect
me
from?
Some of the most common
problems covered by title
insurance include fraud,
forgery, judgements, unpaid
taxes, liens, and other
defects that could affect
ownership rights to your
property
Are
there
different
types
of
Title
Insurance
policies?
Yes. There are two basic
types of policies; the
first is an Owner's Policy
and the second is the Lender's
Policy. The owner's Policy
protects the interest of
the real estate owner,
while the Lender's Policy
protects the interest of
the lender or mortgagee.
When
does
Title
Insurance
expire?
never. Your Owner's Policy
protects you and your heirs
even after you no longer
own the insured property.
A Lender's Policy terminates
when the insured mortgage
is satisfied.
Who
is
responsible
for
the
Title
Insurance,
the
seller
or
buyer?
The seller in a real estate
transaction is responsible
for providing an Owner's
Policy to the new owner.
What
is
the
cost
of
Title
Insurance?
When you call for a quote
on Title Insurance, our
examiners will ask you
a few simple questions
before quoting you a price.
They will need to know:
- The
sale
price
(or
listing
price)
of
your
property
- What
county your property is located
in
- Do
you have prior title evidence
- How
old is your prior title evidence
They
will
then
be
able
to
give
you
a competitive
quote.
What
is
prior
title
evidence?
That is the title you received
when you either acquired
the property or last refinanced
you property.
Is
all
Title
Insurance
the
same
from
all
companies?
There is a difference in
title companies and their
agencies. It is important
to select a company that
has a solid reputation
and takes the time to discuss
your needs.
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