7 Reasons Every Homebuyer Needs Homeowner’s Title Insurance
Buying a home is one of the biggest financial and personal milestones of your life. Protecting that investment starts with securing owner's title insurance. This one-time purchase provides lasting protection for your property rights for as long as you own your home. Here are seven key reasons why every homebuyer in Maryland should have an owner's title insurance policy:
1. Protects Your Largest Investment
Your home is likely your biggest financial investment. Just as you insure your car, health, and other valuables, title insurance protects your homeownership rights against unexpected claims and title defects that could jeopardize your ownership.
2. Reduces Risk From Hidden Title Issues
Even after a thorough title search, hidden problems can surface years after closing. Owner's title insurance safeguards you from risks like:
Common Title Defects Covered:
Unpaid property taxes or liens
Outstanding mortgages or judgments
Pending legal disputes or litigation
Unknown heirs claiming ownership
Errors in public records or clerical mistakes
Forged documents or fraud
Without title protection, these issues could threaten your ownership and cost thousands in legal fees.
3. Affordable, One-Time Cost
Unlike other types of insurance that require monthly or annual premiums, owner's title insurance is a one-time fee paid at closing. In Maryland, the cost is typically around 0.5% of your home's purchase price. For lifelong coverage and financial protection, the value can't be beat.
4. Long-Term Coverage With No Renewals
As long as you own your home, your title insurance policy protects your property rights — no renewals, no expiration dates, no additional fees required. This makes it one of the most cost-effective insurance investments you'll make.
5. Protection You Can't Get Elsewhere
How Title Insurance Differs From Other Coverage:
Homeowners insurance and home warranties cover property damage or repairs, but they don't protect your legal ownership or property title. Only owner's title insurance ensures your ownership rights are secure against past title defects and claims.
6. Trusted by Homebuyers Nationwide
Each year, more than 80% of homebuyers choose to protect their investment with owner's title insurance. Real estate professionals, lenders, and attorneys consistently recommend this essential coverage.
7. Peace of Mind for the Future
With a policy in place, you can move into your new home knowing you're protected from unexpected claims, debts, or legal problems tied to the property's past. Focus on making memories, not worrying about title issues.
Protect Your Home Investment in Allegany and Garrett Counties
Ready to protect your home and your future? Contact Allegany Garrett Title & Settlements today to learn more about the benefits of owner's title insurance and how it safeguards your property rights throughout Western Maryland.
Why Choose AGTS for Your Allegany or Garrett County Home Purchase
As Western Maryland's trusted title and settlement company, AGTS brings local expertise to every closing:
Two convenient locations: Cumberland and Frostburg offices serving all of Allegany and Garrett Counties
Deep local knowledge: We understand Western Maryland real estate and county-specific requirements
Comprehensive services: From title searches to escrow management to settlement
Relationships that matter: We work closely with regional lenders and real estate agents throughout the area
Commitment to community: Proud partners with Allegany County Chamber of Commerce, Frostburg First, and other local organizations