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In a world full of ever-changing markets, UBC homes can be a valuable asset or a risk-filled hindrance. Fast paced transactions and a plethora of laws make purchasing land a daunting task to some. That’s why it is so important to make sure to purchase title insurance so that you and your family can live comfortably without fear of something happening to your property. These five easy tips will help you make the right decision when it comes to title insurance.


1. Find Out if Claims Exist on Your Property


The first step with title insurance is to find out if any persons or parties have claims against your property. You can find a company that will search public records with great diligence to find out whether or not there are any liens, encumbrances or defects on your property. Knowing this information is half the battle.


2. Make Yourself Aware of Past History


In many ways, title insurance is very unique. While most insurances offer protection on only future claims, title insurance protects for future claims that are caused by past events. In other words, things that happened before your ownership are still liable after you purchase the property. The right title insurance will protect your investment in this situation and any future situations.


3. Be Wary of Hidden Claims


Certain scenarios or situations can occur on or in relation to your property that do not show up on public record. Incompetency and forgery are just two examples of such things that would not necessarily be revealed in the original research for claims against your property. Purchasing title insurance will protect you on two fronts. You will be protected on claims that you knew about and also any that might come about that you had no previous knowledge about.


4. Know How You are Protected


In general, title insurance will protect you in two ways. Firstly, it will defend the right of your title by any means necessary. Second, if your case is proved valid, then your insurance provider should cover the cost of your settlement based on the agreements stated in the contract. All of this provides you with the comfort and knowledge that you maintain sole possession of your real estate through any situation that may come your way during the lifetime of your ownership.


5. Keep in Mind Why UBC Homes Need Title Insurance


We all work hard for our money. At the end of the day, this form of insurance is extremely important. While hoping to never have to make a claim, situations arise where you need to have your family’s land and future protected. Title insurance will assure your property stays where it belongs: with you.

If you are looking to buy one of the great UBC homes on the market, we can help. Check out our featured listings to get pointed in the right direction, or contact us today!