Are you a Denver homeowner wondering, "Do I really need owner’s title insurance?"
It’s a common question, especially in Denver’s fast-paced real estate market. While lender’s title insurance is typically required by mortgage lenders, owner’s title insurance is often optional. However, choosing to forego this protection can leave you vulnerable to unforeseen title issues. In this article, we'll explain why Denver homeowners should consider owner’s title insurance, its benefits, and how Chicago Title, led by Jerad Larkin, can help you secure your investment.
What is Owner’s Title Insurance?
Owner’s title insurance is a policy that protects homeowners from potential financial losses due to defects in the title. While lender’s title insurance protects the mortgage lender’s financial interest, owner’s title insurance safeguards your personal stake in the property. These policies cover issues such as liens, ownership disputes, and errors in public records that could affect your ability to sell, refinance, or enjoy your home in Denver. Unlike other insurance types that protect against future events, owner’s title insurance covers risks that occurred before you purchased the property, even if they were not identified during the initial title search.
Why Denver Homeowners Should Consider Owner’s Title Insurance
Denver’s real estate market is known for its rapid growth and competitive transactions. As a homeowner in this market, it’s crucial to protect your property rights with owner’s title insurance. Here are the main reasons why it’s worth considering:
Protection from Unknown Liens: Liens from unpaid taxes, contractor services, or other debts may not be discovered during the title search. Owner’s title insurance covers these risks, preventing potential financial and legal complications.
Coverage for Ownership Disputes: Denver’s fast-paced market can sometimes lead to ownership disputes or claims from previously undisclosed heirs. Owner’s title insurance ensures that you are financially protected from these potential conflicts.
Safeguards Against Forgery and Fraud: In cases where fraudulent documents or forged signatures affect the title, owner’s title insurance protects your rights as the legitimate owner.
Peace of Mind for Homeowners: Owner’s title insurance offers peace of mind, knowing that your financial interest in your Denver home is secure from title issues that could arise after purchase.
How Chicago Title and Mile High Title Guy Can Help
As one of the leading title insurance companies in Denver, Chicago Title, led by Jerad Larkin, specializes in providing owner’s title insurance for homeowners. With a deep understanding of Denver’s real estate market, our team offers personalized service to protect your property rights. Here’s how we can help:
Thorough Title Searches: We conduct comprehensive title searches to uncover potential issues that could affect your ownership rights.
Custom Coverage Options: Our team provides personalized coverage options tailored to your specific property and situation in Denver.
Expert Guidance: We offer clear explanations and guidance throughout the title insurance process, ensuring that you understand your protection and coverage.
What Does Owner’s Title Insurance Cover?
Owner’s title insurance offers broad coverage that protects homeowners from a variety of potential title issues, including:
Forged Documents: Protects against losses due to forged deeds, mortgages, or other title documents.
Undisclosed Heirs: Covers claims from previously unknown heirs who could challenge your ownership rights.
Public Record Errors: Provides protection against clerical errors or mistakes in public records that impact ownership.
Boundary Disputes: Covers disputes over property boundaries that could affect your use and enjoyment of your home.
How to Get Started with Owner’s Title Insurance in Denver
If you’re a Denver homeowner interested in securing your property rights, getting started with owner’s title insurance is simple. Contact Jerad Larkin at Chicago Title to discuss your coverage options. Our team is here to provide guidance, answer your questions, and ensure that you have the right protection in place.
Learn More - Questions?
Ready to protect your Denver home with owner’s title insurance? Contact Jerad Larkin at Chicago Title today! Call 303.630.9430 or visit MileHighTitleGuy.com to learn more.
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