Struggling to let go of your home? You’re not alone.
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What is title insurance?
When you buy a home, you're not just buying the walls and the roof. You're buying its history, too. Title insurance protects you from any hidden legal issues tied to your property’s past—like an unpaid tax bill, a forged signature, or a long-lost heir who suddenly shows up claiming ownership.
It’s a one-time purchase that protects your ownership for as long as you own the home. Think of it as a safety net that ensures the home you bought stays yours—free and clear.
Standard vs. Enhanced Title Insurance
When it comes to title insurance, you’ve got two options: Standard and Enhanced coverage.
Both protect your ownership rights—but one goes a step further.
Standard Title Insurance
Standard Title Insurance covers the basics. It protects you from problems that already exist but weren’t caught during the title search—like a past owner’s unpaid mortgage or an unknown heir with a claim to your home.
Enhanced Title Insurance
Enhanced Title Insurance gives you broader protection. It covers everything the standard policy does plus extra risks that aren’t in the public record—like someone forging a document or building permit issues. It also covers certain things that might come up after you close.
Commonly Asked Questions
Wait—I already have title insurance through my lender, right?
Not exactly.
If you're getting a mortgage, your lender will require a Lender’s Policy. It protects their investment in your home—not yours. That means if a title issue pops up (like an old lien, a legal dispute, or a clerical error in public records), the lender is covered—but you’re not.
That’s where Owner’s Title Insurance comes in. It’s optional—but highly recommended. It protects you, the homeowner, from unexpected issues that could threaten your ownership or cost you money down the line.
Bottom line? The Lender’s Policy protects the bank. Owner’s Title Insurance protects you. The best move is to have both.
Is title insurance required?
If you’re paying with cash, title insurance isn’t required—but it’s still a smart move. If you're taking out a mortgage, your lender will require a Lender’s Policy to protect their interest.
But here’s the key: the Owner’s Policy—the one that protects you—is optional. That said, here at Moments Real Estate, we strongly recommend it. Why? Because one hidden issue in the title could cost you thousands… or even the home itself.
So while it’s not mandatory, title insurance is one of the best ways to protect your biggest investment.
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To protect you, we've partnered with the best,
DI Realty Conveyancing
DI Realty Conveyancing offers professional services to ensure a smooth and efficient settlement for a flat fee of $595. They'll help with transaction support, certifications and payoffs, document preparation, and settlement preparation.
