Page 5 - King Title & Escrow Guide

THE

IMPORTANCE
OF TITLE

INSURANCE

Title insurance at its core protects
you, the insured, against lawsuits
What if a title search fails to uncover an challenging your interest as
existing defect? lawful holder of title. By taking
steps to minimize risk at the time
T h e s e a r e c o m m o n l y r e f e r r e d t o a s " h i d d e n
r i s k s " a n d d o a r i s e f r o m t i m e t o t i m e . T h e y
of issuance, you will be protected
a r e u n d i s c o v e r e d d e f e c t s w h i c h m a y a r i s e
against loss of title. Chicago Title
l o n g a f t e r y o u h a v e b o u g h t y o u r h o m e .
P r o t e c t i o n a g a i n s t l o s s f r o m c l a i m s o n provides you peace of mind
knowing that the investment
r e a l e s t a t e , w h i c h c a n n o t b e d i s c o v e r e d b y
you've made in your home is a
e x a m i n a t i o n o f t h e p u b l i c r e c o r d s , i s a n
i m p o r t a n t b e n e f i t w h i c h t i t l e i n s u r a n c e
safe one. If you have any
p r o v i d e s . T h e t i t l e t o t h e h o m e w h i c h y o u
questions concerning your
h a v e p a i d f o r — a n d t o w h i c h y o u h a v e
coverage, please contact your
r e c e i v e d a d e e d — c o u l d b e s e r i o u s l y
local Chicago Title office.
t h r e a t e n e d o r c o m p l e t e l y l o s t b y
c i r c u m s t a n c e s s u c h a s f o r g e r y , c o n f u s i o n
d u e t o s i m i l a r n a m e s , e r r o r i n t h e r e c o r d s — t o
c i t e j u s t a f e w h a z a r d s .
How does a title insurance policy protect
against all these dangers?
Title insurance mitigates I f a c l a i m i s m a d e a g a i n s t y o u r t i t l e a s
i n s u r e d , C h i c a g o T i t l e I n s u r a n c e C o m p a n y
the risk of loss of title, p r o t e c t s y o u b y :
1 .
D e f e n d i n g y o u r t i t l e , i n c o u r t i f n e c e s s a r y ,
giving you peace of mind i n a c c o r d a n c e w i t h t h e t e r m s o f y o u r
p o l i c y .
on your investment. 2 . B e a r i n g t h e c o s t o f s e t t l i n g t h e c l a i m i f i t
p r o v e s v a l i d , i n o r d e r t o p r o t e c t y o u r t i t l e
i n a c c o r d a n c e w i t h t h e t e r m s o f y o u r
p o l i c y .

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