What is Title Insurance?
There are two kinds of title insurance coverage:
The owner's policy is purchased by you, the homebuyer. While it is your choice, purchasing an owner's title insurance policy protects your investment and property rights from legal and financial threats for as long as you or your heirs own the home.
The lender's policy is usually paid by you or the seller. It is a policy to protect the lender’s financial interest in the property. Just as lenders require fire insurance and other types of insurance to protect their investment, most lenders also require lenders title insurance.
Why Do I Need Title Insurance?
Protects Your Largest Investment
A home is probably the single largest investment you'll make in your life. You insure everything else that's valuable to you-your life, car, personal property, health, pets, jewelry, etc.-so why not your largest investment? For a one-time fee, owner's title insurance protects your property rights for as long as you or your heirs own the home.
Reduces Your Risk
If you're buying a home, there are many hidden issues that may pop up after purchasing it. Getting an owner's title insurance policy protects you from legal title discrepancies.
How do I get Title Insurance?
We're Here to Help
With a specialist from Fifth Third Insurance, you can discuss these and any other questions you have to establish an insurance plan that meets your objectives. Call on us to help protect you and your family.