Before you choose Metro Experience Title for a title insurance policy or other property closing needs, you want to be sure you know the details of what you will receive. There is more than one type of title insurance policy available, and you may also have some coverage limit options to consider. That way, you can have strong peace of mind, and feel more comfortable when closing on your property. Often, small details like this get overlooked until the last minute, and then you have to make a quick choice. It is easier when you have more knowledge ahead of time, so you and your lender both have strong coverage for the property.
Both owner’s and lender’s policies will be important for your closing. The owner’s policy protects your interests, and the lender’s policy protects your mortgage holder. These policies are designed to cover you and your lender against potential title defects. If someone else has a claim to the property, and that is somehow missed in the title search, the insurance policy will cover the problem. That way, you and your lender both have peace of mind, and the property will not be at risk of loss.
At Metro Experience Title, we are happy to answer your title insurance and other closing questions, so you can make an informed decision about insurance and related matters. With the information you need, you can move forward with your closing confidently. Your lender will require a policy, and you may have some choices to make about your coverage. It is important for your future, and we can help make sure you have the knowledge you need when making your choice.