Finding your dream house can be a once-in-a-lifetime opportunity. For many homeowners, the process can be stressful, but if something happens during closing or there’s something wrong with the title to the property, you may find yourself regretting your purchase. Owners title insurance will help protect you from any unexpected surprises on the title and provide you with peace of mind before and after closing on your home. The experienced title insurance agents at First Financial Title Agency of Minnesota in Burnsville explain why title insurance is worth the added expense.

What Owners Title Insurance Does

When you decide to purchase a property, you receive the title to the land. This proves that you have the right to own and use the property within the zoning regulations. Each title contains information regarding the past owners’ treatment of the property, whether they paid property taxes, had liens against their home, and which land rights still belong to the owner. While most homebuyers end up receiving a clean title with no outstanding debts or liens against the property, others may not be so lucky.

Owners title insurance protects homebuyers from unclean titles. If you purchase a policy when you decide to buy a home, the insurance agency will perform a detailed property title search into the home’s deeds and records. They’ll look at any outstanding debts, questionable past sales, and other information that could threaten your financial stake in the property. After the search is performed, you’ll know exactly what you’re getting with the home. There won’t be any surprises waiting to jeopardize your investment.

One-Time Investment Can Save Your Home

Policies are not always cheap, but the potential cost of paying a former owner’s tax obligation or hiring attorneys to help settle land disputes from past owners can add up quickly. Owners title insurance will protect you from those costs, helping you preserve your investment for many years to come.

If you’re interested in purchasing owners title insurance for your dream home, let the team at First Financial Title Agency of Minnesota help you find the best policy. Their experienced title and escrow staff will help you understand the closing process, walking you through each step. Visit their website for more information and call (952) 831-5010.