What is title insurance?
When you purchase a home, the title of that property will be transferred to you at the closing table, making you the rightful owner of the home.
Lender's title vs. owner's title
When you buy a home, your lender will require you to buy lender's title insurance, which protects the lender's interest in your property.
To protect yourself against title risk, you can purchase a separate policy called owner's title insurance. This policy is purchased at closing for a one-time fee based on the price of your home. Your owner's policy will pay for all court costs and related fees of any covered title risk. If a claim on the title is found valid, you are covered up to the face value of the policy.
Examples of title risk
By purchasing owner's title insurance from Edina Realty Title, you are protected from the following hidden risks, which may not be disclosed during the public records search:
Need help with your title?
Edina Realty Title can help. Contact them at (952) 925-5200 for assistance.