Insurance Policies

Insurance Policies

Real estate title insurance is the best way to secure your property rights into the future when a property changes hands. Title insurance only costs a one-time fee and protects you and your heirs as long as you own the property. There are two types of title insurance policies – and owner’s title insurance and lender’s title insurance. If you take out a mortgage, your lender will take out at a policy to protect its interests, and you should obtain an owner’s policy.

What exactly does a title insurance policy from Montana protect you against? Plenty, including the following:
  • False impersonation of the true owner or the property
  • Forged deeds, releases or wills
  • Undisclosed or missing heirs
  • Instruments executed under invalid or expired power of attorney
  • Mistakes in recording legal documents
  • Misinterpretations of wills
  • Deeds by persons of unsound mind
  • Deeds by minors
  • Deeds by persons supposedly single, but in fact married
  • Liens for unpaid estate, inheritance, income or gift taxes
  • Fraud