What is Title Insurance?

Title Insurance is an insurance policy that protects you, the insured, from claims on the property in regard to ownership. It protects you against problems that occurred before you became the owner of the property. Title insurance also defends you in the case of anyone filing a claim against your property. Defending your property against a false claim can be costly and time consuming.

What type of problems does Title Insurance protect me from?

Some of the most common problems covered by title insurance include fraud, forgery, judgments, unpaid taxes, liens and other defects that could affect ownership rights to your property.

Are there different types of Title Insurance policies?

Yes. There are two basic types of policies; the first is an Owner’s Policy and the second is the Lender’s Policy. The Owner’s Policy protects the interest of the real estate owner, while the Lender’s Policy protects the interest of the lender or mortgagee.

When does Title Insurance expire?

Never. Your Owner’s Policy protects you and your heirs even after you no longer own the insured property. A Lender’s Policy terminates when the insured mortgage is satisfied.

Who is responsible for the Title Insurance, the seller or buyer?

The seller in a real estate transaction is responsible for providing an Owner’s Policy to the new owner.

Is all Title Insurance the same from all companies?

There is a difference in title companies and their agencies. Wisconsin Title Service Company, Inc. is an agent for First American Insurance Company. Wisconsin Title Service Company, Inc. has been in business since 1949. It is important to select a company that has a solid reputation and takes the time to discuss your needs. At Wisconsin Title Service Company, Inc. we can offer our customers enhanced services over and above meeting their Title Insurance needs. We want to be a partner with our customers and together we both grow.

What is the cost of Title Insurance?

When you call for a quote on Title Insurance, our examiners will ask you a few simple questions before quoting your a price. They will need to know.

• the sale price (or listing price) of your property
• what county your property is located in
• do you have prior title evidence, and
• how old is your prior title evidence

They will then be able to give you a competitive quote. Call us today!

What is prior title evidence?