While exhilarating, buying a new home can also be a highly stressful experience. Even if you perform all necessary tasks to the letter, you may still face obstacles thanks to unanticipated legal issues. In this case, owner’s title insurance can protect your investment, and the legal professionals at First Financial Title Agency of Minnesota will help you find a policy well-suited to your needs. With more than 400 years of combined experience among its agents, this title and escrow company has established a reputation within Burnsville, MN, for exemplary service.

What Is Owner’s Title Insurance?

Upon purchasing a home, you’ll receive a deed that effectively transfers the title from the previous owner to you. Implementing owner’s title insurance can be extremely beneficial in this case, as it will entail a deeper level of due diligence than is associated with standard closing procedures.

The company responsible for providing the title insurance policy will do a comprehensive search of the property in question to ensure everything is in order. Searches can overturn all kinds of issues, such as liens against the property, errors or inaccurate information, and heirs with claims on the property. This insurance can also protect you from litigation down the line. For instance, your ownership of the title may be challenged by previous owners, which can jeopardize your investment.

Are There Different Types of Policies?

Additionally, there are different kinds of policies that can help protect your purchase. A lender’s policy is designed to cover the entity responsible for providing the mortgage loan and is essential if the loan is subsequently sold. You will also need an owner’s policy, which covers everything from liens against the property to damages incurred by titles that are deemed unmarketable.

From navigating title closings to securing a reliable owner’s title insurance policy, First Financial Title Agency of Minnesota is proud to lend its assistance to clients in Burnsville. Visit them online for a complete listing of available services. You can also call (952) 831-5010 today to speak with a friendly and knowledgeable title insurance agent about your specific needs.