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THE TITLE INSURANCE “VALUE PROPOSITION” – 10 REASONS
CHICAGO TITLE CALIFORNIA BUYER & SELLER GUIDE
Why Title Insurance is Important and Worth the Money
A Value Proposition is the unique value a product or service provides to a customer. It describes the benefits the product delivers. It answers the question: Why is this worth the money?
1 Title insurance protects the interests of property owners and lenders against certain title claims by third parties or lien holders. It insures the title to the investment, unlocking its potential as a financial asset for the owner.
6 Chicago Title performs a search of existing records to identify possible defects prior to issuing a policy. We perform intensive and extensive work up-front to minimize claims. The better we do this, the lower our rate of claims and the more secure your level of protection.
Researching titles is extremely labor- 7 intensive since only a small percentage of public records are computerized. The industry invests a substantial amount of time and expense to collect and evaluate title records. As a result, the industry’s claims experience is low compared to
other lines of insurance.
8 Chicago Title’s impressive claim reserves gives you unquestionable security and peace of mind knowing that your policy is backed by a leader in the title insurance industry.
9 Dollar for dollar, title insurance is the best investment you can make to protect your interest in one of the most valuable assets you own...your home.
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At Chicago Title, we provide title services and handle escrow and closing.
Title problems are discovered in many residential real estate transactions. Certain “defects” must be resolved prior to closing. Common defects include missing title interests and recording errors of names, addresses, or legal descriptions.
A homeowner’s title insurance policy protects the owner for as long as he or she have an interest in the property; and the premium is paid only once, at closing.
Title insurance is different from other forms of insurance because it insures against events that occurred before the policy is issued, as opposed to insuring against events in the future, as health, property or life insurance do.
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To get the best value, choose Chicago Title for all your title and escrow needs. Write us in on your next transaction and you’ll see why we are worth the money.
Quick Tip
Title insurance insures the title to a real estate investment, unlocking its potential as a finan- cial asset for the owner. As such, title insurance plays a major role in the confidence that lies at the heart of our nation’s real estate market and economy.
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