What should every buyer know about title insurance.
That they is two types of title insurance, your basic policy and enhanced policy. The enhanced policy covers you for 35 issues that could arrise when you purchase the property and after you purchase the property and for as long as you own the property. Here are some examples: Forced removal of a structures that encroaches onto another property, forced removal of a structure which violates an existing zoning law, unrecorded easements, building permit violations, violations of building setbacks, post policy forgery, post policy damage for minerals or water extraction, post policy automatic increase in value up to 150%, cloud on title and boundary walls and fence encroachment. These are just a small list of issues that the Enhanced policy covers for just a few hundred more than the basic policy. You only pay for the policy once, not like your other insurances that you pay every for month.