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title insurance

Financing & Insuring

Things to Know About Homebuyers Insurance

April 15, 2014

With the purchase of your new home, it’s wise and often even mandatory to protect such a large investment with different types of insurance policies. Read on for our quick guide to the main types of insurance policies you might encounter and why you may need to purchase them. HOMEOWNERS INSURANCE Homeowners insurance is designed to protect you financially by providing money for repairs in the event your property sustains damage. This could include damage from fire, lightning, windstorms, hail, explosions, smoke, vandalism and many…

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Financing & Insuring

From the FAQ File: Title Insurance

March 6, 2014

When you’re buying a home, one of the things you’ll be expected to have at the closing table is title insurance. Q: What is title insurance? A: Title insurance protects against unexpected problems associated with the title to your new home, such as liens for unpaid taxes or unpaid work on the property, mistakes or omissions on the deed, undisclosed heirs, fraud and errors on examining records. Title insurance policies are available to both owners and lenders. While other kinds of insurance, such as auto,…

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