Potomac Settlement Services
7250 Heritage Village Plaza
Gainesville, VA 20155
Tel: (703) 257-1884
Fax: (571) 248-4436
206 S. Cameron Street
Winchester, VA 22601
4311 Ridgewood Center Drive
Woodbridge, VA 22192
Providing real estate settlement services and title insurance throughout Maryland and Northern Virginia, including Gainesville, Haymarket, Woodbridge, Manassas, Fairfax, as well as Warrenton and Winchester, VA.
Why Do I Need Title Insurance?
Your home may be one of the largest investments you'll ever make. To protect it, you need an owner's title insurance policy. Title insurance protects you against hidden hazards and human error that can cause problems in any real estate transaction. When you purchase title insurance, experienced title examiners perform a thorough title search by combing through all available public records, but there's always a chance that substantial problems may go undetected. Your property is pledged as security for your mortgage loan, so your lender protects its interest through a lender's title insurance policy. However, this policy doesn't cover you. You need an owner's policy.
How Title Insurance Works
An owner's policy protects your interest in the property against such unforeseen threats to ownership as:
- Mistakes in recording of legal documents
- Forged deeds, releases, or wills
- Undisclosed or missing heirs, including spouses
- Deeds by persons of unsound mind
- Deeds by minors
- Deeds executed under invalid or expired powerof attorney
- Liens for unpaid taxes
For a one-time premium you pay during the closing process, your title insurer assumes responsibility for all legal expenses to defend the title to your property if it's ever challenged.
If you have any questions, please contact us at (703) 257-1884 and one of our highly qualified title agents can answer your question.