Maui Blog - Georgie Hunter R(S): One of the costs of closing is Title Insurance, so why do I need it?

One of the costs of closing is Title Insurance, so why do I need it?

No matter where you buy a home, this is good advice.  Here on Maui we have some great title and escrow companies who can help provide clear title for your peace of mind.

Got questions about the real estate market, about buying or selling a home on Maui?  

Please contact me, a local Maui REALTOR.
call or text me 808 283-0635 ~ EMAIL 
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One of the costs of closing is Title Insurance, why do I need it?

Title Insurance protects you from someone claiming ownership of your home once it closes.

One of the costs of closing is Title Insurance, why do I need it?Can you imagine living and enjoying your new home and then one day, someone comes calling that the house you call home is rightfully theirs? Title Insurance gives you peace of mind against that.


Here are some reasons why you want Title Insurance:

  •   A deed or mortgage in the chain of title may be a forgery.
  • Claims constantly arise due to marital status and validity of divorces.
  • A deed or mortgage may have been made by an incompetent or under aged person.
  • A deed or mortgage made under an expired power of attorney may be void.
  • A deed or mortgage may have been made by a person with the same name as the owner.
  • A child born after the execution of a will may have interest in the property.
  • Title transferred by an heir may be subject to a federal estate tax lien.
  • An heir or other person presumed dead may appear and recover the property or an interest.
  • A judgment regarding the title may be voidable because of some defect in the proceeding.
  • By insuring the title, you can eliminate delays when passing your title on to someone else.
  • Title Insurance reimburses you for the amount of your covered loss.
  • Title Insurance helps speed negotiations when you're ready to sell or obtain a loan.
  • A deed or mortgage may be voidable if signed while the grantor was in bankruptcy.
  • Claims have risen dramatically over the last 30 years.
  • There may be a defect in the recording of a document upon which your title is dependent.
  • Title Insurance covers attorney fees and court costs.
  • Many lawyers protect their clients as well as themselves by procuring title insurance.
  • A deed or mortgage may have been procured by fraud or duress.

And best of all.....a title policy is paid in full by the first premium for as long as you own the property.

The bottom line just needs Title Insurance. 


Kathy Stoltman

 Your Ventura County Realtor – You can reach me anytime at (805)-746-1793

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Comment balloon 3 commentsGeorgie Hunter R(S) 58089 • May 07 2013 06:38PM


Everybody loves to sue other people a great American disease. Going for somones home is great bait for any shark or lawyer out there & there are plenty of them. Lets face it we have lost our soul. All your points are very, very important.

Posted by Jimmy Faulkner, The Best Of St. Augustine (Florida. Homes Realty & Mortgage) over 5 years ago

Clients need to expect that long laundry list of additional items when they close. Title insurance is vital! Clients are often surprised about title insurance, FHA insurance, that if they finance they MUST have homeowner's insurance, if they live close to the coast and finance, they must have flood insurance.......and the list goes on.........

Posted by Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional, Palm Harbor, Dunedin, Clearwater, Safety Harbor (Charles Rutenberg Realty) over 5 years ago
Insurance, warranties, and the old additional protection are things most likely to be thought of as unneeded-at least until they are needed. Cash buyers cannot be forced to get Title Insurance, but I think all Buyers should have it.
Posted by Wayne Johnson, San Antonio REALTOR, San Antonio Homes For Sale (Coldwell Banker D'Ann Harper REALTORS®) over 5 years ago

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