Understanding Title Insurance in Massachusetts
May 26, 2021By Maggie Li
Understanding Title Insurance in Massachusetts
It's not the most glamorous part of real estate, but Title Insurance is critical for protecting your largest investment. Here is what you need to know.
Two Types of Policies
- Lender's Policy: Required by the bank to protect their interest.
- Owner's Policy: Optional, but highly recommended to protect your equity.
What Does It Cover?
It protects you against hidden defects like unpaid liens, boundary disputes, or fraudulent previous transfers. In a state with history as deep as ours, title issues are more common than you'd think.
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