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Home > Property Insurance Coverage > Title Insurance > Global American Title Agency,Inc.
Global American Title Agency,Inc.
Land is permanent, but its ownership isn't. Every property starts out with a bundle of rights that its owners can expect. But over the years, with each new possession of a property, events can take place that affect the title, such as a refinancing, a tax lien, an encroachment by a neighbor, or the marriage, divorce, or death of an owner.
Once Global American Title Agency’s title professionals find these title issues, they then work to remedy any problems that could keep you having clear title. A previous owner may have had minor construction done to the home, but never fully paid the contractor performing the work. Title professionals identify this unpaid bill so that the previous owner can resolve it before you take ownership. If it isn't, you might very well be responsible for this payment as the new owners.
Some problems just are not exposed in public records. Years ago, there may have been an honest mistake in determining the status of title. Or today, a previously unknown heir may come forward to claim ownership of a late relative's property. There might even have been a fake action that impairs the ownership of the property. To help protect you in these events, the Global American Title Agency’s professional issues an Owner's Policy of Title Insurance that insures you against most of these unexpected problems.
The title insurance policy is what people usually think of when they think of title insurance. For this reason, there are two kinds of title insurance policies offered by the company one for owners and one for lenders. An Owner's Policy is assurance that your title company will stand behind you financially and with legal defense if a title problem arises after you buy your home. Your title professional is there to help pay valid claims and cover the costs of defending an attack on your title. Receiving an Owner's Policy is not always an automatic part of the closing process.
The company’s mission is to help their clients to remove the flaws that shows and they also insure against those that don't.
Everything you need to know about
Home Insurance is here at
CoverMeHomeInsurance.com
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