Home buyers, especially new home buyers, have always complained to me about the expense of Tile Insurance.
At their loan closings I would hear comments such as, “What a rip off!”.
I would mollify them by explaining the importance of this type of insurance and also point out that it is not a recurring cost, but rather a one time payment. (Read my “What is Title Insurance”)
Well here’s a news article by Dave Carpenter, AP Personal Finance Writer that shows just how important Tile Insurance is.
Read & heed,
Carl
Is your home in jeopardy if you bought it in foreclosure?
Check for title insurance first…For homeowners, there are several questions to ask.
But first, experts say, they should check to make sure they have title insurance, which protects the home buyer from any claim on the property that surfaces after the deal has closed…read more here.
How Important is Tile Insurance? Very! You On Here » Title Insurance » How Important is Tile Insurance? Very!
