Title insurance protects a new owner of a home or property from specified losses due to possible defects in the title which occurred prior to ownership. These defects can be anything from forgery, fraud, liens, encumbrances or other hazards that could potentially go unnoticed until after your closing date. Without title insurance, your investment and ownership could be jeopardized.
When purchasing title insurance, the policy will protect the beneficiary and remain in effect until the property is sold or refinanced. Generally, purchasers of these policies are homeowners/real estate buyers and lenders. With that being said, there are typically two types of basic title insurance: The Owner’s Policy or a Loan Policy. The Owner’s Policy protects the homeowner for as long as you have ownership in the property, while the Loan Policy protects the lender for the amount of the loan.
Prior to issuing a title policy, a thorough title search of the public records will be completed in order to pinpoint any potential problems so they can be corrected and the title can transfer in good standing. Although most defects can be located in this title search, there can still be concealed flaws that even the most diligent of searches will not expose.
It is important to protect yourself from the possible loss of your most valuable asset- your home or property. Our professionals at Grand Canyon Title Agency are here to guide you through this process and help you with all of your title insurance needs!
For general title questions, contact:
Russ Carson
8:30 AM – 5:00 PM
Phone: (602)-468-7733
Email: rcarson@gcta.com





