OWNER’S POLICY

Title insurance from American Title & Escrow will provide you with peace of mind. It takes most of the risk out of buying real property when you don’t know the complete legal history. Over the years, your "new" property may have changed hands many times through sale, inheritance, foreclosure, or bankruptcy. Each transfer is an opportunity for an error in title to occur. If an error did occur, and has never come to light, it puts your title at risk. You could lose your property and the money you have invested in it. Even if you successfully defend your rights of ownership, the cost in time and legal fees could be more than the value of the property.
Among the many risks against which title insurance protects you are:

• Confusion from similarity of names
• Forged documents
• Signatures of minors or mentally incompetent persons
• Mistakes in recording legal documents
• Undisclosed or missing heirs
• Fraud
• Invalid divorces
• Misrepresentation or marital status
• Unpaid taxes
• Clerical errors in public records
• Wills not probated

A low, one time premium is all you pay to obtain the protections and peace of mind of an American Title & Escrow policy. There is never an additional cost for as long as ownership remains in your name or that of your heirs. The policy is issued in an amount equal to the purchase price you pay. As always, the greater the coverage given, the higher the premium will be.

Note: The above is a summary of the benefits available under an American Title & Escrow policy. Please refer to the policy itself to determine the exact benefits and the exclusions from coverage.


Click here for more details on what is covered under each policy level.