As I taught my first-time homebuyer class this past week at the ARC, I noticed a lot of glazed & confused looks when it came to the discussion on title insurance. Some people call it just another insurance policy, but it's insurance for the most expensive investment of your life. All lenders require it.
Just like your car, your home has a title. That title has items recorded against it, like loans, easements, tax liens, etc. and those items follow the title (a.k.a. your home) and not the person that caused those items to be in place. So, to ensure that all liens are paid off, taxes are paid, etc. the title company does an in-depth search on the title of that home. At closing, all debts are paid off or settled. If there is ever a claim, prior to you owning it, against your home the title insurance policy is there to cover you. It is a one-time premium when you buy your home, and covers you for the whole time you own the property.
The feature business this week, Assured Title Company, conducts the title search process and issues the insurance policy that protect your home. Heather Jennings & Suzanne Ayers are the closers who process the paperwork at closing and help every step of the way. Dan Olsen is the examiner (title searching). Tonya Schleeter is the main customer service & marketing rep. They are some of the most knowledgeable title people in town, and I'm happy to do business with them. Just give them a call and you'll see that customer service is their number one priority. Their phone number is 573-875-5252.
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