Serving individuals and businesses |
314-527-3224

Why you need title insurance

When you plan to purchase real estate in Missouri, you want to know that no legal problems will arise that call your ownership into question. If there is a title defect, this is exactly what you may be facing. We at TdD Attorneys at Law LLC are familiar with the various issues that you might encounter, and the role of title insurance in protecting your rights.

The American Bar Association explains that a title company should do a thorough search of public records to ensure that there are no title defects. However, there are instances where one could remain hidden until it is time for you to sell the property. A forged document, a bad title examination or other defect could cause significant financial losses for you. A title insurance policy covers these, as well as court costs if you must file a claim.

A title commitment describes all the terms of the policy, so it is essential for you to examine this document before closing. There are typically exceptions to coverage such as utility system improvement easements or statutory property taxes, and you may want to negotiate these or other conditions. The commitment also includes the following:

  •          A legal description and identification of the real estate
  •          The requirements that have to be satisfied before the company will issue the policy
  •          Names of those who will be insured, and of the current owners
  •          The type of policy

For more information about title defects, claims and insurance, you can visit our web page.

No Comments

Leave a comment
Comment Information
Email Us For A Response

Contact The Firm

Contact the Firm

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Office Locations

St Louis Office
4509 Lemay Ferry Road
St Louis, MO 63129

Phone: 314-527-3224
Fax: 888-288-9341
St Louis Law Office Map

Chesterfield Office
16091 Swingley Ridge
Suite 220
Chesterfield, MO 63017

Phone: 314-527-3224
Map & Directions