Most home
sellers and buyers have
been informed that
obtaining title insurance
will provide them
necessary protection over
possible title defects;
but many remain uncertain
about why this is so or
even about what title
insurance is. At the
Chicago Title and Trust
Family of Companies, we
believe we have everything
to gain by throwing some
light on the subject. The
more you know about title
insurance and its pricing,
the more confident you'll
be about coming to us for
a policy.
A Seller's Concern:
How Much Does it Cost?
A title insurance policy
from the CTIC Family is
much more cost-effective
than the other kinds of
insurance you have had to
purchase. For a single,
one time only fee, we
provide a title policy
that remains effective
until the property is sold
to a new owner even if
that doesn't occur for
decades. The CTIC Family's
price structure is among
the lowest giving you
the most respected name in
title insurance at highly
competitive rates.
Why the Seller Needs
to Provide Title Insurance
Any prospective buyer will
need evidence that his
investment in your
property is free of title
defects. In fact, your
contract of sale probably
requires it. The title
insurance policy that you
provide the buyer is a
guarantee that you are
selling a clear title to
your real estate,
unencumbered by any legal
attachments that might
limit or jeopardize
ownership. The CTIC Family
name carries special
authority: it reassures
your buyer that the title
has passed the most
careful scrutiny. In
addition, it can help your
deal close more quickly
and easily.
Why the Buyer Needs
Title Insurance
Without a title insurance
policy, you may not be
fully protected against
errors in public records,
hidden defects not
disclosed by the public
records, or mistakes in
examination of the title
of your new property. As a
result, you may be held
fully accountable for any
prior liens, judgments or
claims brought against
your new property.
However, your policy
insures that if such an
occasion arises, you will
be defended free of charge
against all covered claims
and paid up to the amount
of the policy to settle
valid claims. With a title
insurance policy from the
CTIC Family, backed by our
vast resources and
financial strength, you
need never worry that your
new property's history
will tarnish your bright
future.
The CTIC Family
Difference
At the Chicago Title and
Trust Family of Companies,
we're proud of our
prestigious reputation.
Since issuing our first
title policy in 1888,
we've been the industry
leader, providing
thousands of title
policies each day. What's
more, we now offer rates
that are often several
hundred dollars lower than
our competitors. Our rates
and service make us the
first choice among
informed home sellers,
while our reputation for
quality and unsurpassed
financial strength makes
us the first choice among
informed home buyers. Even
though we protect the
titles of millions of
American homes, we stand
behind each one as if it
were our own. |
