What are the Risks That Call for such Protection

Real Estate has such great value and is so basic a form of wealth that many special laws have been enacted for its protection - laws so strict and far-reaching that real estate is more strongly safe-guarded than any other form of property.

As a result, the owner of land has exceedingly strong rights...and so do the family and heirs of the owner.

But others may have "rights" in the property, as well. There are mortgages and leaseholder rights...liens due to unpaid taxes...lien claims to those whom the owner owes money...mining, oil or air rights...and many others. Anyone who has such a claim is, in a limited way, a part-owner. He or she cannot ordinarily be deprived of their interest except by having the claim settled or released. The property may be sold-even without their knowledge-but the claim is still good until satisfied. As a new owner you may know nothing about these risks, but you are still vulnerable to such claims on your property. That's why you need title insurance.