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Purchasing Property? Safeguard Your Investment with Title Insurance

Since purchasing property is possibly one of the most significant investments you will ever make, shouldn’t you protect it? Insuring the ownership of your property (referred to as “title”) is just as important as insuring your property and its contents from physical loss or damage.

Why does one need title insurance?

When you purchase property, your title or ownership is not guaranteed absolutely, as there are still hidden and unknown risks that even the most diligent professional and/or registration system cannot protect against. These defects can affect your ownership of your property and cause you huge financial losses and stress to rectify.

Title insurance safeguards you against the loss or damages arising from matters such as:

• Someone else owns an interest in or has rights to your Property

• A document is not properly signed

• Forgery, fraud, duress, incompetence, incapacity or impersonation

• Defective stamping or registration of any document of Title

• You do not have legal pedestrian or vehicular access to and from your Property

• There are registered restrictive covenants which adversely affect your use and enjoyment of the Property

• Someone else has an easement over your Property

• Your Title is unmarketable which allows another person to refuse to perform a contract to purchase, to lease or to make a mortgage loan

Without a policy, you would have to remedy the situation costing you time and possible legal expenses. Ultimately you may still suffer a loss if a court decision does not result to be in your favour. With the recent rise of real estate fraud, it is more important than ever to obtain the peace of mind and protection that title insurance provides.

What is the value of the cover?

Title insurance is available for a one-time premium. The Policy is good for as long as you own your property. The amount of cover is normally equivalent to the purchase price paid for the property. Should any improvements be made to the property, Stewart Title can increase the cover to insure that you’re fully protected for the fair market value of your investment.

How does one apply for a policy?

The process to apply for a policy is simple. All you need to do is complete Stewart Title’s order form that asks for basic personal and property information.

How does one make a claim?

You need only provide in writing to Stewart Title that you have suffered a loss as a result of a defect covered by the policy. Our claims department will then propose the method best suited to resolve your claim. There is no deductible, and a title policy also provides cover for the costs, attorney’s fees and expenses incurred in defending title against a covered claim.

Why insure with Stewart Title Limited?

Stewart Title Limited is a UK insurance company, regulated by the Financial Services Authority.  We have:

• Proven European Experience -- primary underwriter for European transactions.

• Underwritten billions of euros -- in title insured residential and commercial transactions.

• Excellent Claims Handling – claims are resolved fairly and efficiently.

• Financial Stability -- recognized as possessing excellent financial stability by leading companies that measure financial performance.

• Support of our Parent Company – parent has over 100 years of experience providing title insurance and related products, as well as revenues in excess of $2.4 billion USD, and 31 years of consecutive growth in reserves and policyholder surplus, the largest in the industry.

For a small one-time premium, wouldn’t you rather obtain peace of mind than pay large sums of money to correct covered title defects?

Visit www.stewarttitle.co.uk for more information and articles.

* Stewart Title Limited is a UK insurance company authorised and regulated by the Financial Services Authority and registered in England and Wales under number 2770166. The policies are issued by Stewart Title Limited in accordance with English law. Title insurance/ guaranty as provided by local law. Particulars of service available are contingent upon arrangements entered into with applicable developers. The information provided in this brochure is of a general nature. Please refer to a copy of the policy for cover, exclusions, and conditions and stipulations details.  10/06