Unlike other forms of insurance , the original premium is your only cost as long as you or your heirs own the property . There are no annual payments required to keep your owner ’ s title insurance policy in effect .
TITLE INSURANCE POLICIES ARE STANDARD
Owner ’ s policies usually do not cover one or more of the following items unless an additional premium is paid .
The standard exemptions are :
• Boundary line disputes
• Easements or claims of easements not shown by public records
• Unrecorded mechanic ’ s liens ( claims against the property by unpaid contractors )
• Zoning issues
• Environmental protection laws
• Anything that occurs after the date of the policy
• Matters created or assumed by the insured
• Claims of people who turn out to be living in the house ( such as a prior owner ’ s tenants or someone living in the property without your knowledge ) if their presence there isn ’ t a matter of public record .
THIS IS GENERAL INFORMATION ONLY .
If you have any specific title questions or concerns , you should consult a title officer to understand your title policy clearly .
AN ORIGINAL PUBLICATION | HUGHES REAL ESTATE GROUP OF SILVERCREEK REALTY GROUP | 13