Just about everybody understands the need to purchase automobile and homeowner's insurance to protect against unexpected losses that are often more costly than most of us can afford to pay. We hope we never have to file such a claim but, just in case, we pay relatively affordable premiums for protection. However, when buying or selling a house or condominium, there is another type of insurance with which most of us are unacquainted. For a one-time premium at the time of home purchase, the title insurer will protect the mortgage lender and/or the homeowner as long as the mortgage or home ownership is in effect. Purchase Bob Bruss reports online. To illustrate, when is the last time you heard of a homeowner encountering a title insurance claim? Although I've been buying and selling real esta...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.