FAQ – Title Insurance in Taylorville IL – Serving Christian County, Montgomery County, Shelby County, Decatur and Springfield Illinois
What is Title Insurance?
Simply put, Title Insurance protects against financial loss if there are defects in the title of a property.
If I’ve had a Title Search done, do I still need Title Insurance?
Absolutely! Even the most thorough Title Search may fail to uncover hidden defects arising from either innocent circumstances such as previously unnoticed errors in copying and indexing to the deliberate falsification of records.
Other hidden defects may include but are not limited to:
- Defective foreclosures of mortgages
- Liens for unpaid estate, inheritance, income, and gift taxes
- Undisclosed or missing heirs
Are there different types of Title Insurance?
Yes, there are Owner’s Policies and Lender’s Policies.
What should I look for and where can I purchase Title Insurance?
You should look for Title Insurance from a financially sound Title Insurance company and deal with a reputable agent such as Spurling Title, Inc. We offer Title Insurance from Chicago Title Insurance Company and Old Republic National Title Insurance Company, two of the nation’s largest and most respected Title Insurance Companies.
We will be happy to assist you with all your Title Insurance needs, so please contact us today for a quote.