Top 30 Reasons to Have Title Insurance

There are few things in life more important than protecting your home. The following matters are examples of why you need an Owner’s Title Insurance Policy and a Mortgage (loan) Title Insurance Policy, which is usually required by your lender.  Remember that the best abstracting and title examination or search cannot protect your equity and home from matters not appearing in the public records.  However, a title insurance policy can protect you from the following:

  1. Documents executed under false, revoked or expired powers of attorney.
  2. Undisclosed heirs.
  3. Improperly recorded legal documents.
  4. Prescriptive rights in another not appearing of record and not disclosed by survey.
  5. Failure to include necessary parties to certain judicial proceedings.
  6. Corporate franchise taxes as liens on corporate real estate assets.
  7. Mistakes and omissions resulting in improper abstracting.
  8. Forged deeds, mortgages, wills, releases of mortgages and other instruments.
  9. Deeds by minors.
  10. Conveyances by an heir, devisee or survivor of a join estate who attempts to attain title by ill-gotten means.
  11. Inadequate legal descriptions.
  12. Conveyances by undisclosed divorce spouses.
  13. Duress in execution of wills, deeds and instruments conveying or establishing title.
  14. Deeds and wills by persons lacking legal capacity.
  15. State inheritance and gift tax liens.
  16. Errors in tax records.
  17. Demolition and substandard building lines.
  18. Administration of estates and probate of wills of missing persons who are presumed deceased.
  19. Issues of rightful possession of the land.
  20. Legal capacity of foreign personal representative and trustees.
  21. Issues involving improper marital status.
  22. Improper modification of documents.
  23. Rights of divorced parties.
  24. Conveyances in violation of public policy.
  25. Misinterpretation of wills and ancillary instruments.
  26. Claim by creditors of decedent against property improperly conveyed by heirs and devisees.
  27. Issues concerning unlawful takings by eminent domain or condemnation.
  28. Special tax assessments.
  29. Real estate homestead exceptions.
  30. Forfeitures of real property due to criminal acts.