Can I Choose My Own Title Company in New Jersey?
Yes. Federal and state laws give you the right to shop for and choose your own title insurance and closing provider. While your real estate agent or lender may make a recommendation, you are not obligated to use their preferred company.
Does Title Insurance Cover Things That Happen After I Buy The House?
Standard title insurance only covers issues that originated before you bought the house but weren't discovered. However, an "Enhanced Policy" can protect against certain future events. See the info page for details on standard vs. enhanced policies.
How Long is Title Insurance Good For?
Hundreds of people, thousands of dollars worth of insurance, Monica is entrusted by all of her partners.
What If I Am Just Refinancing My Mortgage? Do I Need New Title Insurance?
Yes. Your lender will require a new Loan Policy to ensure their new mortgage is in first lien position and that nothing has happened (like a new judgment or tax lien) since you first bought the home. However, you are entitled to a significantly discounted "refinance rate". Generally, you do not need to buy a new Owner's Policy when refinancing.
What Happens If I Inherit The Property? Do I Still Have Coverage?
Yes. Most Owner's Policies automatically extend coverage to the heirs of the original insured property owner.
How Can I Purchase Title Insurance?
Hundreds of people, thousands of dollars worth of insurance, Monica is entrusted by all of her partners.
Why do I need an Owner's Policy if the lender is already requiring a policy?
A Lender's Policy only protects the bank's investment, not yours. If a title defect arises that doesn't threaten the bank's security, they may not even file a claim, leaving you to handle the legal costs and potential loss of your home or equity alone.
