Dwight Calwhite explains what title insurance protects against and the difference between lender's and owner's policies. Owner's title insurance is a one-time closing cost that covers you for as long as you own the property, and it's especially worth getting in fast-moving markets like Las Vegas.
Do you fully understand title insurance? It's one of the most underrated but essential parts of a real estate transaction. Title insurance protects you from financial loss if there are issues with the property's title, like unknown liens, ownership disputes, or clerical errors in public records. Basically, it ensures no one else can claim ownership of your property after you've bought it. There are two types: lender's title insurance, which protects the mortgage lender, and owner's title insurance, which protects you, the buyer. The good news is that owner's title insurance is a one-time cost, usually paid at closing, and it lasts as long as you own the property. In places like Las Vegas, where real estate is fast-moving and ownership can change frequently, having title insurance is a smart move. It gives you peace of mind that your new investment is legally yours with no surprises down the road. Follow for more real estate insights that help you buy smarter and sleep better.
