Why Do You Need Title Insurance?

Whenever you purchase real estate in Utah, Title Insurance researches historical ownership of the property and assures each previous transaction has been completed without any disputes of ownership. Is that the end of the value offered by title insurance? No.

Title insurance claims do still occur even with the modernization of records in courthouses, such as:

  • Some properties have not been transferred in hundreds of years, so prior modern title searches are not recorded. All past ownership rights may be known. Past ownership rights can come to light after transfer.
  • Even with modern title data systems in place, some owners have unreported spouses and children. They may be discovered after transfer.
  • Property line disputes are common.
  • Lenders are insured to pay for losses occuring due to losing first lien status.
  • As properties transfer and title insurance has been issued once, the next transfer can rely on the last title insurer. Title history simply needs to be updated through the last owner.

Assuring you own the title to your new property, and relying on having a marketable title when you sell is valuable. In addition, our title service can include escrow services and smoother refinancing closings.


Why Do I Need Title Insurance?