YOUR TITLE IS OUR EXPERTISE
Title Insurance Company in Dayton, OH
Real Estate Is the Nation’s Largest Asset
A home purchase is the biggest investment people will make in their lifetime. A title search is an examination of records in the county offices. These records cover all recorded documents, judgments, other liens, general taxes, assessments, easements, and other matters. This review of these records provides advance notice of potential problems so they can be eliminated whenever possible. However, there can be any number of problems that remain undisclosed even after the most careful search of public records. These hidden 'defects' are sometimes not discovered for months or years after you purchase your home. You could be forced to spend substantial amounts of money on legal defense costs.
What Is Title Insurance?
Title Insurance is an indemnification contract with the insured and protects the insured over losses arising from defects or issues with their ownership or lien interest in the title to the real estate. Title Insurance not only insures over losses but also pays defense costs and attorney fees in defense of the insured’s interest.
What Are the Two types of Basic Title Insurance policies?
Title insurance is an insured statement as to the condition of title or ownership rights to a property. There are two basic types of policies: Lender's title insurance (loan policy) and ALTA Owner's policy of title insurance (Standard). The loan policy ensures the amount of the mortgaged debt and protects the lender's interest in the property. The owner's policy is issued in the amount of the real estate purchase and protects the owner and his/her heirs forever.
Owner's title insurance protects you against what you don't know. It protects property owners against human errors of lawyers, surveyors, and others that may cause the owner financial loss. It also provides legal defense to property owners in all legal acts or proceedings alleging the title to be other than insured.
How much does it cost? All title insurance rates in Ohio are the same. The one-time premium is directly related to the value of your home. Typically, it is less expensive than your annual auto insurance! It is a one-time-only expense, paid when you purchase your home.
Why Title Insurance Matters for Homebuyers and Property Owners
Title insurance plays a critical role in protecting your property rights long after closing day. While a thorough title search identifies known issues in public records, it cannot uncover every possible risk. Problems such as forged documents, undisclosed heirs, recording errors, or mistakes made during prior transactions can surface months or even years later. When they do, they can threaten your ownership or result in costly legal disputes.
With title insurance in place, you gain peace of mind knowing your financial interest in the property is protected. If a covered title issue arises, your policy helps cover legal defense costs and potential losses, allowing you to focus on enjoying your home rather than navigating unexpected legal challenges. For many homeowners, title insurance serves as a long-term safeguard for one of life’s largest investments.
alta homeowner's Policy of Title Insurance (Enhanced)
The ALTA Homeowner’s Policy of Title Insurance (Enhanced) is designed to provide broader, more modern protection for today’s homeowners. While a standard owner’s title insurance policy protects against many title defects that exist prior to closing, the enhanced ALTA policy goes further by covering additional risks that may arise after you purchase your home. For a minimal additional premium, typically about 15% more than a standard owner’s policy, you receive expanded protection that addresses issues common in modern real estate transactions.
This enhanced owner’s title insurance policy includes coverage for zoning and building permit violations, post-policy encroachments, restrictive covenant violations, and other matters that may not be discovered during a traditional title search. It also offers increased coverage limits and added protections related to access rights, boundary issues, and ownership changes involving trusts. These additional safeguards help protect homeowners from costly legal disputes, correction expenses, and unexpected title defects that could impact property value or ownership rights.
For homeowners looking to fully protect one of their largest financial investments, the ALTA Homeowner’s Policy delivers long-term peace of mind and more comprehensive coverage than a standard owner’s title insurance policy.
Zoning Violations
Subdivision Law Violations
Post Policy Forgery
Post Policy Encroachments
Post Policy Cloud on Title
Restrictive Covenant Violations
Encroachments by Boundary Walls and Fences
Expanded Access Coverage
Building Permit Violations
Increased Coverage Amounts
Living Trust Coverage
Together, these expanded coverages provide homeowners with a stronger safety net against both known and unknown title risks. By addressing issues that may arise after closing, such as boundary disputes, permit violations, or changes in zoning requirements, the ALTA Homeowner’s Policy helps reduce financial exposure and legal uncertainty. This enhanced protection ensures your ownership rights remain secure long after the transaction is complete, making it a smart choice for buyers who want added confidence in their real estate investment.
Contact Our Team Today!
Protect your investment and secure your property's title with Home Services Title. Our team is dedicated to providing you with exceptional service every time. Call us at (937) 435-2580 today to get started!
