What is Title Insurance?

The fine folks at The Talon Group answer a question on everyone’s mind: "what the heck is title insurance?" in this short video.

It’s good to understand what is covered with a title insurance policy.  Typically the seller pays for the buyer’s policy (Owners Policy) which assures the buyer of issues such as vesting (the seller is authorized to sell the property) and that the title is free and clear of liens.   The buyer generally pays for the lenders policy to assure the lender will be in first lien position (Lenders Policy).

Unlike other forms of insurance (auto, health, home, etc.), there are no renewal fees.  Title insurance actually covers you from the point of recording the new deed backwards into time.

Stay tuned for more videos from the cast and crew and The Talon Group.