Buyers and Sellers - Alliant National Title Insurance Co.

Consumers

Find the tools you need to understand the world of title insurance better.

Title insurance is different from most types of insurance.

Unlike property and casualty insurance that assume risk of future incidents, the bulk of premiums written for title insurance go toward paid losses (claims) for past incidents, as well as loss prevention: searching, identifying and eliminating risks that could yield a title claim.

Title agents discover an issue with title in roughly a third of closings

About 5% of issues result in a title claim.

Title insurance FAQ:

It is possible that someone other than the owner has a legal right to the property. If that right can be established, this person can claim your property outright or make demands on you as to its use. If that happens, the premium you paid your title insurer like Alliant National when you purchased your title insurance policy at closing will defend and protect your ownership, including defending you in the legal system!

Title insurance assures that: The seller actually has the right to sell you the property before you put your money on the table. The property is transferred to you free of liens or claims of ownership. The transaction is completed quickly and efficiently, on average within 30 days. You’re protected (as is your lender) from fraud. All problems in the title are cleared before the property transfers to your name. Restrictions on the use of the property, like easements or rights-of-way, are disclosed to you before you take ownership. Money entrusted to the agents will be distributed to the proper parties within hours of the closing. In the event an undetected defect arises later, claims are paid and legal representation is provided (at no further cost to you).