You probably already have homeowner’s insurance to cover you if your property gets damaged, but you might be missing out on another important type of coverage on your home in Bastrop, TX: a title insurance policy. While homeowner’s insurance will cover you if your home is damaged in a fire or weather event, a title policy can protect you from incurring financial losses due to a title defect.
A title defect like fraud or forgery in the title chain, a previously undiscovered lien, or a competing claim of ownership could cost you thousands of dollars and countless hours in court. Some title defects could even result in you losing ownership of your home. Having strong title coverage in place will give you the security and assurance that you can have all or part of your expenses covered if a title defect is found after you buy.
Get in touch with World Wide Land Transfer for reliable title insurance services in El Paso, TX, Bastrop, TX, and all over the Lonestar State.
Homeowners aren’t the only ones exposed to liability from title defects; business owners can run into major headaches as well. If you own a commercial property, like a store or a restaurant, the same types of title defects that affect homeowners could affect you as well. Don’t put your business in jeopardy by going without title coverage. You can have the peace of mind and assurance that comes with knowing that you have insurance to protect you, and all it takes is one call to World Wide Land Transfer.
Lenders who provide financing for real estate buyers also take on a great deal of liability when lending money. After all, if your borrower loses ownership of their home or they are forced to spend thousands in legal fees resolving a title defect, they may not be able to pay back their loan. Before you provide any financing for a real estate transaction in Bastrop, TX, you will want to purchase a lender’s title insurance policy. Because lenders usually pass the cost of their premium on to their borrowers, there’s no reason not to get covered. Your insurance will provide some security for your loan and protect you from any undiscovered title defects. All you have to do is call your agent to make a claim and pay any required deductibles, and you will be covered up to the limits of your insurance.
World Wide Land Transfer can do more for you than just help you find insurance against title defects. We also provide professional escrow services to facilitate any residential or commercial real estate transaction. As a buyer, seller, or agent, you might need certain assets, like money, documents, and keys to be held by a third party to be transferred on closing day. This gives both the buyer and seller a sense of security while the transaction is conducted and ensures prompt transfer at the right time. When entrusting these assets to a third party, you want to make sure they are professional and reliable, giving you the assurance that they will conduct business appropriately.
With over 20 years in business, World Wide Land Transfer has developed a reputation as a reliable and professional escrow company, and we are prepared to facilitate your next transaction, whether it is residential or commercial.
The cost of a title insurance premium in Bastrop, TX is insignificant compared to the liability that comes from title defects. Call World Wide Land Transfer today if you need a title insurance company in Frisco, TX, or anywhere else nearby.
