Re: Title search vs. Title insurance - Posted by Rob FL
Posted by Rob FL on January 19, 1999 at 22:37:24:
A title search is kind of like when the weather man does all his charts and predictions and makes sure that the weather will be great. But what happens when he makes a mistake or el nino happens or an earthquake or whatever. The weatherman says “Woops, sorry.” You might even try to sue him or something if he has any money.
Title insurance protects you from lots of things that a title search won’t reveal. Here are a few: fraudulent sales, unrecorded documents, forgeries, unpaid taxes, no legal access to a road, just to name a few. If you are getting it for a mortgage why not pay an extra hundred dollars or so and get it for yourself as well.
check out first american title’s website www.firstam.com and look under the claim’s chronicles. You will quickly learn of things that a title search won’t reveal but are covered under title insurance.