When you purchase a property in Bellevue, WA, there are several important things you need to keep in mind before finalizing the purchase. One of the most crucial aspects of buying a property is getting title insurance. Title insurance is an essential safeguard that everyone should get before buying a property. However, many people still underestimate the importance of having title insurance.
In this blog post, we will explain why it’s crucial to work with a title insurance company in Bellevue, WA.
Prevents Legal Issues
One of the biggest benefits of having title insurance is that it helps prevent legal issues. When you purchase a property, you want to be certain that you have legal ownership of the property.
Unfortunately, there are instances when the title has defects or encumbrances that were not disclosed by the previous owner. This can lead to legal issues that could cost you a significant amount of money to resolve. With title insurance, you can protect yourself from these legal issues and avoid costly disputes.
Protects Your Investment
Buying a property is a significant investment, and you want to make sure that your investment is protected. Title insurance from Ticor Title Company provides protection to the lender and the buyer in the event that there are hidden defects in the title.
This means that if there are any legal issues or disputes related to the property title, the title insurance company will help cover the costs associated with resolving them. This gives you the peace of mind and protection you need when investing in real estate.
Covers Legal Fees
If you are faced with a legal dispute related to the title of your property, you will need to hire a lawyer to represent you in court. This can be incredibly expensive, and the costs can add up quickly.
However, if you have title insurance, the title insurance company in Bellevue, WA, will cover the legal fees associated with defending your property title. This is a major benefit of having title insurance, as it can save you a significant amount of money in legal fees.
