Title Insurance
Title insurance protects real estate owners and lenders against any property loss or damage they might experience because of liens, encumbrances or defects in the title to the property. Each title insurance policy is subject to specific terms, conditions and exclusions.
TITLE INSURANCE SERVICES
Title insurance has been a core of our business, we’ve refined the process to make protecting property ownership a breeze, and now serve customers across the US. Our work with home buyers and sellers; real estate agents and brokers; real estate lenders; builders and developers; commercial property owners, and investors speaks for itself.
Title insurance services are designed to afford homeowners, lenders, and others protection from adverse title claims or risks. The financial assurance offered by Millennium Title Services, both in satisfying any valid claims and in defraying any attacks on the title, is the key aspect of title protection. This process also helps ensure that all parties have a clear understanding of their interests before the transaction is consummated. In this way, potential title claims can be resolved before financial losses are incurred.
Is Title Insurance Worth It? Understanding the Benefits
The title industry plays a vital role in the lives of every American. While it may sound like an exaggerated statement, the services we provide are beneficial not just to individual policyholders, but to the nation as a whole. However, many people lack awareness about the purpose of title insurance, its advantages, and the significance of a robust title industry. Therefore, we would like to provide a brief overview of the services we offer at Millennium Title Services and the advantages that all Americans gain from the efforts of the title industry.
We Protect Policyholders From the Unknown.
More than likely, your home is your biggest investment, and we protect your interest in that investment. Title insurance protects real estate owners and lenders against any property loss or damage they might experience because of liens, encumbrances or defects in the title to the property. Each title insurance policy is subject to specific terms, conditions and exclusions. While other types of insurance provide coverage that focuses on possible future events, title insurance protects against loss from hazards and defects already existing in the title to a property. Some examples of such defects might be improperly executed documents from a previous sale of a lien against a previous owner.
More than 50% of real estate transactions encounter some sort of issue in the chain of title. We identify these problems and help implement solutions to facilitate the transactions, ensuring our clients can feel confident about their new home purchase.”