Mississippi Title Insurance - 5-Star Rated!

We all know the purpose of medical insurance and car insurance, but many homeowners only have a vague idea of what title insurance does. The reason for title insurance is quite specific, but also very important: it protects you from financial losses in the event that someone makes a claim against your ownership of a home or another property.

 

From a legal standpoint, when you purchase property in Mississippi, you’re purchasing the title to it. This title grants the buyer the right to build on the land, reside inside the home, and use the property however they choose, as long as the use is legal. Although it is rare, there are times when another party comes forward to contest your title and claim that they are the rightful owners of the property based on claims asserted by others or past rights. 

 

Usually, contested titles present only a minor inconvenience, but in the worst case scenario, they can lead to you losing your home or having to pay a large settlement and attorneys’ fees. In Mississippi, title defects that can result in a claim include:

 

  • Errors in legal documentation

  • Errors in public records

  • Unprobated wills

  • Missing or undisclosed heirs

  • Deeds, wills, releases, or other documents that are forged

  • Property liens

  • Failure of spouses to join in conveyances

  • Deeds from defunct corporations or companies

  • Deeds from parties unable to legally enter into contracts (minors, persons of unsound mind, and illegal aliens)

 

When you have Mississippi title insurance, all court costs and any related fees are covered if a claim is made against your ownership. Even if a claim is proven valid, your title insurance will reimburse you for all losses up to the face value of the policy. Because these claims can be so devastating, lenders require homebuyers to have title insurance.

 

Want to learn more about title insurance? Contact us at 833.331.8476 or fill out a contact form here

 

We’re always happy to help!

closings@americanguardiantitle.com

833.331.8476 Or 813.331.3010 (FL)

©2020 by American Guardian Title

Website by Dalton Digital

6162 North U.S.

Highway 41
Apollo Beach, FL 33572

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