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What is Title Insurance and Why is it Important?

The first question you may ask is, what is the title? The title to a piece of property is the evidence that the owner is in lawful possession of that property. 

Secondly, what is title insurance? Title insurance protects homeowners against any property loss or damage they might experience because of liens, encumbrances or defects in the title of the property. While other types of insurance protect you from the risks that are possible to occur in the future, title insurance protects you from risks associated with what has already occurred.

There are two policies in the mix at a real estate closing, The lender’s policy, which is required, and an optional owner’s policy. Both are a 1 time, upfront cost.

A title search will occur during your closing process to check out the owner’s history and to make sure the title is clear – which means the current owner who is selling you the property, has complete ownership with no legal claims against it.

Why does title insurance exist? Well, there is not a 100% guarantee that an oversight was made. If a title defect arises after your loan is closed, YOU are now responsible for any legal cost or worse case, loss of property!

For my clients, I also recommend getting title insurance. You can only get it at closing and it is more of a piece of mind so that you are protected down the road in the chance that something comes up that was not found in the original title search.

-Brentney Moore, Sales Partner | Story House Real Estate


Posted on July 20, 2019

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OUR LISTINGS

$320,000 72 Court Pl
Charlottesville Va
$340,000 1037 Beaver Dam Rd
Keswick Va
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NEIGHBORHOODS

ALBEMARLE CHARLOTTESVILLE FLUVANNA GREENE LOUISA MADISON NELSON ORANGE
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May 22

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We want to wish a very happy birthday to the fabulous Zoya! 🎂 🥳 🎉 

Zoya, you are dedicated, kindhearted, and an absolute joy to be around, and we are so blessed to have you on the team!

Your Story House family is sending you so much love and we hope you feel celebrated on your special day! 💗🦚 

@zoyaelizabeth #StoryHouseBirthday #StoryHouseRealEstate #StoryHouseRE
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May 20

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☀️ With temperatures set to reach the mid-90s this weekend, it feels like we skipped straight to summer! 🌞⛱ There are so many opportunities to get out and enjoy the sun this weekend including fun activities for the family, ideas for an adult's night out, and UVA graduation! 🧡 💙 🎓

What are you up to this weekend and how are you planning to beat the heat? 

#StoryHouseRealEstate #storyhousere #localevents #weekend #Charlottesville #cvillelove #thislocallove #Charlottesvillevents
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May 19

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JUST LISTED | THREE NEW HOMES 🎈 

🏠 72 Court Place, Charlottesville, Virginia 22901 | MLS #630403 | $320,000 | 🛏️ 2 bed 🛁 2 1/2 bath | 🎉 OPEN HOUSE Sunday, May 22nd from 11 AM - 1 PM, hosted by Abby!

🏠 4518 Briarwood Drive, Charlottesville, Virginia 22911 | MLS #630416 | $475,000 | 🛏️ 4 bed 🛁 2 1/2 bath 

🏠 1037 Beaver Dam Road, Keswick, Virginia 22947 | MLS #630406 | $340,000 | 🛏️ 3 bed 🛁 2 bath | 🌳 2.00 Acres | 🎉 OPEN HOUSE Sunday, May 22nd from 12 PM - 2 PM, hosted by Josh!

📩 Email showings@storyhouseRE.com with questions! Showings begin by appointment Friday, May 20th.

#justlisted #Charlottesvillerealestate #StoryHouseRealEstate #StoryHouseRE #startyournextstory #Charlottesville #startyourstorywithus #newlisting
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May 18

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This Local Love ❤️ of ours is featuring @jaclynscookies! From birthday parties to graduation ceremonies to beautiful wedding designs, Jaclyn's Cookies does it all! Jaclyn creates beautiful and intricate designs and specializes in creating hand-decorated sugar cookies! 🍪 

Next week, Jaclyn will take us behind the scenes of her decorating process. Check back next week to see Jaclyn's takeover on our Instagram!

#thislocallove #yummy #JaclynsCookies #sugarcookie #localrecipe #decoratedcookie #smallbusiness
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May 17

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JUST LISTED | Tax Map 34-3-A Covered Bridge Road, Kents Store, Virginia 23084 | MLS #630455 | $150,000

🌳 Build your dream home on this gorgeous 27.276 acres of partly wooded, partly cleared land in Kents Store, Virginia!

This 27.276-acre lot features a creek/stream, gravel driveway/entrance, and large equipment shed! 

📍 Enjoy being located within the Fluvanna High School District, approximately 1.2 miles south of the intersection of Venable and Covered Bridge Road. 

📩 Email showings@storyhouseRE.com with questions or to schedule a drive-by or to walk the land!

#justlisted #Charlottesvillerealestate #StoryHouseRealEstate #StoryHouseRE #startyournextstory #Charlottesville #startyourstorywithus #newlisting #landlisting
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STORY HOUSE REAL ESTATE
2110 Ivy Road
Charlottesville, VA 22903
Phone: (434) 260-1435
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