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Title insurance protects your title to property by claims that occur after you close. Prior to closing, the buyer will contact a title company. The title company issues a title commitment. That commitment will identify the property and state what the policy will insure and - just as importantly - the exclusions (things the title company will not insure). It is these exclusions/exceptions to title which require close scrutiny prior to closing. At closing, the title company will issue your title insurance and should anyone make a claim as to the property you own, your title insurance company will defend that claim. |
345 Lincoln Ave., Suite 202 (4th and Lincoln Ave., in the Chieftain Building) Mailing: P.O. Box 774567, Steamboat Springs, CO 80477 |
"What is title insurance?"