Title insurance is very important but is misunderstood. It does not cover the cost of replacing the real property if destruction occurs. Instead, when purchasing real estate you are purchasing the title to the property - the right to the space. That title can be limited by rights and claims asserted by others at some future point which may limit your rights to the property and even cause financial losses to you. Title insurance protects against these types of title unknowns and potential losses.
Title insurance protects your investments. Real property title insurance is issued after closing. At that point, we have performed a thorough title search identifying the property's history and clearing matters of record including but not limited to ownership, easements, liens, encumbrances and other property details. Title insurance is advisable in all real estate transfers and is generally required by all banks and lenders in transactions.
A Settlement Company extremely knowledgeable and experienced in handling residential and commercial title insurance transactions throughout Pennsylvania for individuals and businesses purchasing or refinancing. Great Road is your perfect fit.