Insurance such as car, life, health, etc., protects against potential future events and is paid for with monthly or annual premiums. A title policy insures against events that occurred in the past of the real property and the people who owned it, for a one-time premium paid at the close of the escrow.
“A lot of things can happen to cause a real estate closing to fall through. But, I never worry that the closing attorney will be the cause of any problem when Shannon Elliott is handling the transaction. She and her staff are personable and easy to communicate with. When problems arise, they find ways to overcome them. I highly recommend them.”
J. Harper , real estate agent in Rankin County, MS