Page 5 - CTT Title & Escrow Guide for Buyers & Sellers - Montana
P. 5

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
             These are commonly referred to as “hidden
             risks” and do arise from time to time. They           steps to minimize risk at the time
             are undiscovered defects which may arise              of issuance, you will be protected
             long after you have bought your home.                 against loss of title. Chicago Title
             Protection against loss from claims on                provides you peace of mind
             real estate, which cannot be discovered by
             examination of the public records, is an              knowing that the investment
             important benefit which title insurance               you’ve made in your home is a
             provides. The title to the home which you             safe one. If you have any
             have paid for—and to which you have                   questions concerning your
             received a deed—could be seriously
             threatened or completely lost by                      coverage, please contact your
             circumstances such as forgery, confusion              local Chicago Title office.
             due to similar names, error in the records—to
             cite just a few hazards.

                                                                  How does a title insurance policy protect
                                                                  against all these dangers?
                                                                  If a claim is made against your title as
               Title insurance mitigates                          insured, Chicago Title Insurance Company
                                                                  protects you by:
                 the risk of loss of title,                        1. Defending your title, in court if necessary,

               giving you peace of mind                              in accordance with the terms of your
                                                                     policy.
                  on your investment.                              2. Bearing the cost of settling the claim if it
                                                                     proves valid, in order to protect your title
                                                                     in accordance with the terms of your
                                                                     policy.













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