What You Should Know
It’s Important To Protect Your Home Investment!
A home is often the most significant investment one makes. While Homeowners Insurance guards against theft, fire, and wind damage, and Flood Insurance against water damage, Title Insurance shields against unseen title hazards, like previous unpaid taxes. Rocket Title ensures this security.
Unlike Homeowners Insurance which can prevent specific foreseeable issues, Title Insurance addresses the unforeseen. Buying a home means more than just the building; it’s about securing the property title – your right to occupy and use the space. This title can be threatened by claims from others, which may limit your property enjoyment and cause financial loss.
Video Gallery
Owner Title Policy
3 min
Special Warranty Deeds
3 min
Short Sale Seller’s
1 min
Short Sale Buyer’s
1 min
Understanding Title Insurance
Title Insurance has two main types:
Lender’s Protection: Mandated by lenders to safeguard their real estate investment.
Owner’s Coverage: Optional but vital for homeowners to protect their stake.
While lenders always want protection, homeowners should too. For example, paying monthly on a home for years only to discover you never truly owned it due to a prior seller’s forged deed can be devastating. Owner’s title insurance remains in place for as long as you or your heirs have property interest, even after selling.
What Your Premium Covers
Assurance
Beyond an insurance policy, Rocket Title extensively investigates land records to confirm a clean title. However, without this insurance, unknown issues like a missed heir from a past seller could arise.
Examination
Our licensed agents thoroughly review various documents for potential issues, such as incorrectly worded deeds, unpaid taxes, easements, and more. While these efforts prevent many problems, not all hidden title hazards can be identified.
Guarding Against Hidden Hazards
Even with meticulous title examination, unforeseen challenges like a forged deed signature or a claim from an unknown heir can arise post-closing.
Title insurance provides protection against these and other covered hazards. It covers defense against title attacks and will resolve the title or pay valid claims – all for a one-time fee at closing.
Rocket Title
Rocket Title Inc. was established in 2015, as a small local title company launched on the basis of providing stellar customer service and rocket fast results from initiation to successful close.
4573 Bank Street
Virginia Beach, VA 23462
757.306.4668
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