Norfolk, VA – When buying a home in Norfolk VA, you will be asked if you’d like to purchase tittle insurance. Title insurance protects you, the new owner, of any problems affecting the property’s title that may arise at a later date.
Shannon Allen, Realtor with Judy Boone, in Norfolk VA explains, “There are two types of title insurance. The first is an owner’s policy which protects the buyer, and the second is a lender’s policy, which covers the lender. Your lender will purchase a title insurance police to protect their interest of the loan, but it is up to you, as the buyer, to obtain an owner’s title insurance policy to protect your interest.” Continue reading