Protect Your Real Estate Investment with Title Insurance #TitleInsurance #TraverseCity

12 Jun 2024 · 1 min

Watch on YouTube

0:30

In this brief dialogue, Speaker A asks what title insurance actually covers. Speaker B explains that title insurance protects the buyer against any title defects or claims that originated before the purchase, typically looking back about 40 years. It does not function like homeowner's or car insurance, which cover future events. The coverage starts from the date the title company (e.g., The Talon Group) issues the policy and protects against past ownership issues, not future damages.

But what exactly are you insuring as far as title insurance goes?
So you're insuring that there's no issues accrued from when you're buying this piece of real estate. You're not accruing any issues from the previous owners. So title insurance isn't like a homeowner's policy. It's not like a car insurance policy. It does not insure the future. From when you put the orders through us, through to us at The Talon Group, or any title company for that matter, it insures from that date backwards 40 years.