Jo Ann Koontz and Jackie Durham (Koontz Associates, PL) discuss the importance of title insurance. Title insurance protects the buyer from unseen problems with property and more.
1:14 Why buy title insurance? How does title insurance protect me?
6:38 What is a title?
9:40 Basic elements of a title. Recorded, unrecorded and hidden rights.
11:14 What does title insurance cover?
14:18 Examples of issues covered by title insurance.
20:40 List of coverage examples.
27:00 Misconception that lender policy will cover the buyer.
29:52 What is a title search and what is revealed?
31:30 What is a municipal lien search?
32:28 Additional searches available.
35:18 Surveys and why you need one.
39:16 Title insurance rates.
40:09 Potential disruption of title insurance coverage .