Title Insurance for Your Peace of Mind

Are you looking for a new mortgage? We'd be thrilled to answer your questions about our mortgage offerings! Give us a call at 504-866-5626. Ready to get started? Apply Online Now.

The biggest investment you will make in your lifetime will likely be purchasing a home. Before you close, you'll want to know that no other individual or entity has a right, claim or lien to the property.

Determining that your rights and interests to the property are clear is the business of a title company.

You pay the title company a single premium which includes the cost of verifying clear title and covers you in case some fault is later discovered in the title.

The title company searches the property's title history. The title insurance company can almost always find any title problems and have these problems cleared-up prior to closing.

Real Estate law is extraordinarily complicated. Title companies make sure that all the T's are crossed and all the I's are dotted so you don't end up with a clouded title and legal problems. Your owner's policy will describe the property and outline the limitations on your ownership. It will also cover what the title company is responsible for. Title insurance covers the following:

  • Contested title — This usually happens when someone who owned or even lived in the home before you claims to still hold an interest. In this case, the title insurance company will defend the title at no expense to you.
  • Defective title — This is a general term for a legal problem with the title that cannot be corrected and includes "contested title" above. Defects are rare, but they can be very difficult, making the property inaccessible, unbuildable, or unsaleable. Any number of other complicated problems define "Defective title" or "Clouded Title." The title company will uncover these problems, or if they miss them, protect you from financial loss - up to the amount of the policy.

Coastal Mortgage Corp. can answer questions about title insurance and many others. Call us: 504-866-5626.

Got a Question?

Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.

Your Information
Your Question