Is Your Title Insurance Policy Up To Date?

Ensuring Adequate Coverage

Congratulations, you’ve just completed building your beautiful new home! Now it’s time to consider your title insurance.

home title insurance necessary

Understand the Importance of Title Insurance


Title insurance provides protection if someone sues and says they have a claim against your property before you purchased it. When you purchased your property, you received a document most often called a deed, which shows the seller transferred their legal ownership, or “title” to their property, to you. Title insurance protects you if someone later sues and says they have a claim against the property from before you purchased it. Common claims come from a previous owner’s failure to pay taxes or from a previously unknown heir. If there is a claim on the title of your property, the title company will defend you against the claim, or reimburse you for the loss of your property up to the dollar amount specified in the policy.


Secure your investment


So you are thinking, “No problem. I purchased title insurance when I purchased my lot”. While that may be true, a key point to remember is the dollar value of your title policy. If you built your home after purchasing your lot, the dollar value of your policy may only cover the value of the land. In the event of a claim against your title, you may not be reimbursed for the value of the home you built after purchasing your lot.

If you built your home after purchasing your lot, think about contacting your title company to update the value of your policy to account for the added value of your home. If you are planning to build a new home on your lot, make a note to update your policy during or after construction to ensure adequate coverage. Title insurance is relatively inexpensive and typically a one-time charge. Contact your title company to ensure the policy value covers the value of your land and home.

Now you can stop wondering about Title Insurance and start enjoying your new home!



Make sure your title insurance policy reflects the value of your lot and your new home.


-Sean Sullivan


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Want to know more? This book by Sean Sullivan is full of helpful information in easy-to-read chapters like this blog post.

It is a step-by-step guide to the “must-know” issues of building your dream home. Discover the custom-home construction secrets that could save you headaches, heartaches, and thousands (if not tens of thousands) of dollars.

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