Title insurance policies protect your investment on the real estate property. Title insurance offers financial protection against problems that are not found in public record, verbalized from the seller, or fraudulent activity. Title insurance policies protect homeowners from easement. An easement grants the right to someone to legally use the property, but the title will remain with the owner of the property. Easements are usually granted to utility companies to run underline cables and overhead power lines. An easement is also created for pipelines and pole lines as well.
Homeowners run into problems with easement usually when construction a pool. The homeowners will not know there are underground lines or pipes until construction comes to a halt. If the homeowner has a title insurance policy, they will be able to render the situation whether its reconstruction of the lines or money compensation unless it is specifically stated in the policy it does not cover any easements. Definitely reread your title insurance policy before signing it.
For all real estate matters, feel free to contact me. If you're looking to buy or sell a home, look for a Certified Residential Specialist, a CRS. My name is Lisa Straza and a Certified Residential Specialist. One of the top 3 percent of real estate agents in the U.S. CRS agents have more experience and training than the average REALTOR® and they are part of a community of REALTORS® dedicated to improving the real estate industry for homebuyers and sellers everywhere.