Who is this insurance for?

According to the title insurance agency, Riverside Abstract, title insurance protects property buyers as well as mortgage lenders. The amount of coverage for the purchaser is the purchase price of the property and the mortgage lender is covered for the full amount of the mortgage. The insurance policy is however ordered by the lawyer in all cases.

Title insurance can, moreover, benefit notaries and lawyers when they discover a problem of title (or certificate of location) prior to the completion of a real estate transaction or, when no problem is raised, to offer to their clients a complementary and more extensive guarantee regarding the titles of the acquired property.
Another advantage of title insurance is that it allows the signing of a transaction within the expected initial deadlines despite the presence of problems raised by the securities examiner. The real estate agent then did not work for nothing, the seller receives the money he owes on the date he expected to receive it and the buyer can move into his new home.

Title insurance therefore represents an advantage for all stakeholders in a real estate transaction.