Owners Title Insurance is an insurance policy that protects the clear ownership of a purchased property. This policy protects the owner from these examples:
A) Mistakes in the title search, the interpretation of a will, or in the recording of the property purchased. A court may also make a mistake and miss items that include liens, improper service or forms that were incomplete or inaccurate.
B) Forgery, where a notary was forged or the license of the notary was expired. This includes any fraudulent action that would include false impersonation, a misrepresentation of a marital status, an inaccurate power of attorney, any false affidavits or forged documents.
C) Incorrect or improper Conveyance that could include the possibility of a divorce or if the property was incorrectly conveyed to the wrong owner or heir.
D) If there is a Lien on the property as a result of unpaid taxes which can include estate taxes, inheritance and gift taxes, building or mechanical liens, and corporate liens.
E) If a Deed was executed to a minor or any person who may lack the legal capacity to enter into it as specified.
F) If the legal description, including easements, was inaccurate or incorrect.