Title insurance is a "little understood" insurance that is used in most real estate transactions. The title insurance process starts when a party searches the county courthouse public records to see if there is any problem against a parcel of land, property, or both. This search is conducted and based off the search findings, a title insurance policy may or may not be written.

An attorney, paralegal, title company, or the likes with search experience, performs the courthouse work. Queen City Insurance Agency, LLC reviews the findings and determines if the policy should be put in place. Under Normal Conditions, you do not want to buy real estate without a title policy. In fact, if you are using a lending institution to finance your transaction, it is normally required.

Title Insurance is a policy of insurance protecting the insured, either the owner, the lender or both. It protects against actual loss or damage caused by defective title to real estate. The policy is a contract of indemnity and not a guarantee against claims that might disturb one's possession of the property. Once a loss has occurred, or it appears that a loss will occur, Queen City Insurance, LLC will take the necessary action to clear the title or compensate the insured for loss up to the face amount of the policy.

Title insurance, unlike other forms of insurance, does not protect the insured against the occurrence of future events adverse to title. For example, car insurance insures from the effective date of the policy against the occurrence of an accident in the future.

Title insurance insures from the effective date, usually the date of the recording of the deed in the county courthouse stating home ownership, backwards in time.

A title insurance policy, like an attorney's opinion of title, reports on the status of the title as of the date of the policy and reveals existing defects or adverse claims to the title. These defects or adverse claims on title are disclosed in the policy as "Exceptions. "Common "Exceptions" are mortgage liens, back taxes on properties, marital exceptions, easements from power companies, etc. There are many, many exceptions that can affect title.

Title policies are usually issued in two major forms, Lender's Policy and Owner's Policy.