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Why Homebuyers Need Title Insurance: The Essential Reasons



Buying a home is a big ordeal, and can be stressful because it’s one of the largest purchases (and investments) most people will make in their lives. With this big responsibility, most people understandably don’t want problems to arise or mistakes to be made in their home-buying process. This is where title insurance comes in, and our amazing team at Skyway Title Services is here to help! In this blog post, we're discussing what title insurance is, and some essential reasons why a homebuyer would need it.


What is title insurance?


Title insurance is a type of insurance that protects the homebuyer against any losses that might occur from problems with the title to the property. The Title Insurance policy will reimburse the insured for any covered losses up to the amount of the policy, plus pay for all attorneys’ fees and expenses incurred in defending against a covered title problem.


Title insurance is a one-time fee that is paid upfront at the start of the closing process of a property. The fee is around 0.5% of a home’s purchase price, and it upholds an owner’s property rights for as long as they own the property. Also, the longer a homebuyer owns a home the more cost-effective title insurance can become.


Most of the title insurance fee covers the cost for our professionals here at Skyway Title Services, who have the local expertise to discover, identify, and repair issues caused by title defects that occurred in the past. Because of our due diligence and experience with taking preventive measures, title insurance is fundamentally different from any other form of insurance.


2 Essential Reasons Why Homebuyers need Title insurance:


#1 Title insurance protects your investment/home from costly legal problems such as:

  • Title defects

  • Liens against the property

  • Unpaid mortgages or judgments

  • Forged documents

  • Fraudulent conveyances

  • And much more!


There are a plethora of unpredictable ways that your asset can be compromised, so title insurance can act as a protective layer over your property rights as a homeowner. We believe that you should expect the best and prepare for the worse when it comes to big expenditures, like buying a home, and title insurance is a great way to protect yourself from any financial losses.


#2 Title Insurance Gives You Peace of Mind and Confidence


Buying a home is stressful enough - why add to the anxiety by not being fully protected? Title insurance gives you the confidence that your property rights are covered for a lifetime, so you can relax and enjoy your new home. Not only does title insurance protect you during the home buying process, but it also protects you from any unforeseen issues that could arise in the future. You can be at ease knowing that our title insurance professionals are conducting detailed searches to safeguard a homeowner’s property and make sure it's protected. Our team updates and maintains a sophisticated database for a smooth closing process. We are dedicated to making your home buying process as smooth and safe as possible, so you don't have to worry about anything.

If you have any questions about title insurance or would like to get a quote, please contact us today. We would be happy to help you protect your investment and ensure a smooth closing on your new home. Thanks for reading!