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About Us
Who is Thoroughbred Title Services?
What is title insurance and why do I need it?
How much does title insurance cost?
How and when do I get title insurance?
Is there a conflict of interest if...?
What our clients say
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What is title insurance and why do I need it?
- Title insurance is an insurance policy, which protects the new home buyer from financial loss on a property that might occur as a result of previous matters or defects in title (due to liens, clerical errors, misrepresentation, forgery, fraud, etc.).
- Should a future claim be made against the home, the title insurance company would pay for legal defense and settlement costs.
- NY State home buyers typically will permit their attorney to order title on their behalf at the time of the purchase and sale contract execution. In addition, mortgage lenders will require the buyer/borrower to obtain mortgagee title insurance up to the mortgage amount, to protect their first lien position in the real property.
How is title insurance different from my home owner’s policy?
Home Owners Insurance Policy |
Owners Title Insurance Policy |
- Protects against loss or damage to the home |
- Protects ownership interests in the real property |
- Protects against FUTURE losses that might occur during the policy period |
- Protects against PAST matters or faults that occurred prior to buying the policy |
- Premium is paid annually for each year of ownership |
- Premium is a ONE TIME payment due at time of home purchase |
- Premium is competitively priced |
- Premium is filed with the state; all insurers charge same rate EXCEPT EnTitle Insurance Company |
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