Title Insurance Fraud – Are You Protected?
Part of what we do to ensure we continue to provide the best advice and services that our clients reasonably expect. We had took part in an interesting presentation that highlighted some potential concerns about your home title insurance that we’d like to bring to your attention.
If your home was purchased before 1998, there is a possibility that you may not have title insurance. Additionally, if you acquired your property between 2000-2005, chances are its value has doubled by now. While this is undoubtedly good news, it also highlights the need to ensure that your title insurance is up-to-date and provides adequate coverage.
You may be wondering why this is so important. Title insurance fraud is becoming an increasingly prevalent issue, and data suggests that homeowners from the above-mentioned time frames are at the highest risk. Title insurance is vital to safeguard your property against potential fraud, such as forged deeds or fake claims on the property.
Typically, title insurance policies only cover up to 200% of the purchase value of your home. As your property’s worth may have significantly increased, it’s crucial to reevaluate your coverage to guarantee the utmost protection.
Ensuring your home and investments are protected is one of the many things we do to make it easy for you, and we’re here to help. We encourage you to reach out to us for a consultation on your current title insurance policy and explore options to ensure that your home remains safe and protected!
The TanTeam Editorial