You may be wondering if you need title insurance and when is the best time to buy or renew it. The best time to buy title insurance is when you are buying a property or taking out a mortgage.
You will need to renew your policy every few years. If you are selling your property, the buyer will usually purchase their own title insurance policy. For more details regarding buying title insurance, you can visit this site- http://www.clearskiestitle.com.
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Here are some reasons why you may need title insurance:
-You are buying a property with a mortgage.
-You are refinancing your property.
-You are taking out a home equity loan.
-You are selling your property.
If any of these situations apply to you, then you will need to have title insurance in place. Title insurance protects you from any financial loss that could occur if there are any problems with the title to your property.
If you're buying a property, it's important to understand what title insurance is and why you need it. Title insurance protects you from any legal claims that may arise from problems with the property title. It's important to have this coverage in place so that you can be confident that you're protected against any potential issues.