Avoid land hassles
. . . with title insurance

When buying a home, lenders have long required that title insurance be secured. Title insurance protects the owner against claims by others as to clear title, and to matters of survey - the boundary lines. If a legal claim is pursued and won against the property's owner, the title insurance pays up to face value to the owner for damages caused by the claim. It also pays legal fees for defense against the claim.

Buying title insurance without a recent survey, however, is like buying only half the protection you need. In the old days, surveying instruments were not as accurate as today, thus buying a property without a recent survey is tantamount to inviting a boundary line dispute with adjoining landowners. Overlapping boundary lines are common, and are best resolved through a current survey. Once boundary lines are established, it may also be wise to sign a boundary line agreement with adjoining land owners.

Because most land transactions involve seller financing, rather than a mortgage lender or bank, buyers have rarely asked for title insurance on large tracts. - until now. If you plan to purchase land, it can be a wise move to request title insurance which not only protects your title, but also your surveyed lines. To insure the integrity of title to your land, consider obtaining this valuable protection.