First Choice Title has served as a trusted, family owned Title Insurance company in the Chattanooga area for over 20 years. We are a title agency for three national underwriters – Fidelity National Title Insurance Company, Westcor Land Title Insurance Company & First American Title Insurance Company. Our staff consists of attorneys, underwriters, closing and escrow agents. Our top-notch title examination team is of the most trusted in Chattanooga. When the title search is complete, the client can rest easy knowing that the search has been completed with the highest level of competency.
Purchasing Title Insurance
Purchasing title insurance begins with a title search. This is an early step in the home buying process to uncover issues that could limit a home buyer’s rights to the property. In most cases, if a title problem is discovered, our team is able to clear the title problem before closing with little to no inconvenience to the client. Once the issue is resolved, the buyer can be issued a title insurance policy.
It is important when buying a home to purchase title insurance. Title insurance provides coverage for future claims or future losses due to title defects created by some past event. It lasts for as long as the buyer or his or her heirs owns the property.
Read more about the importance of purchasing title insurance:
Types of Title Insurance
There are two types of title insurance, the owner’s policy & the lender’s policy.
Owner’s Title Insurance
An owner’s policy protects you, the homebuyer. While it is optional*, purchasing an owner’s title insurance policy is the best way to protect your property rights. Title issues such as forgery, fraud or clerical errors are examples of issues that can arise with any title.
Lender’s Title Insurance
The lender’s policy is almost always required by the lender and only protects the lender’s interest. When a lender’s and owner’s title insurance policies are issued simultaneously, a significant discount is applied.
Contact First Choice Title
Most homebuyers in America decide to protect the largest investment of their lives with owner’s title insurance. This one-time purchase is worth the peace of mind you’ll have that your title is protected.
Get started today by contacting us.
*Although Owner’s title insurance is optional, First Choice Title’s policy is that we will only handle a closing when a title policy is being issued. In the event of a cash sale, this means an owner’s policy must be purchased.
Disclaimer: Fidelity National Insurance Company, First American Title Insurance Company, and Westcor Land Title Insurance Company make no express or implied warranty respecting the information presented and assumes no responsibility for errors or omissions. The information on this site is not, nor is it intended to be, legal advice.